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Idacorp (Idacorp) Effective Interest Rate on Debt % : 4.66% (As of Dec. 2023)


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What is Idacorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Idacorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $132 Mil. Idacorp's average total debt for the quarter that ended in Dec. 2023 was $2,826 Mil. Therefore, Idacorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.66%.


Idacorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Idacorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Idacorp Effective Interest Rate on Debt % Chart

Idacorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.71 4.56 4.33 4.26 4.64

Idacorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.30 4.25 4.40 4.53 4.66

Competitive Comparison of Idacorp's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Idacorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Idacorp's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Idacorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Idacorp's Effective Interest Rate on Debt % falls into.



Idacorp Effective Interest Rate on Debt % Calculation

Idacorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -116.457/( (2194.145+2825.59)/ 2 )
=-1  *  -116.457/2509.8675
=4.64 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2194.145 + 0
=2194.145

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2775.79 + 49.8
=2825.59

Idacorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -131.62/( (2826.15+2825.59)/ 2 )
=-1  *  -131.62/2825.87
=4.66 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2826.15 + 0
=2826.15

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2775.79 + 49.8
=2825.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Idacorp  (NYSE:IDA) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Idacorp Effective Interest Rate on Debt % Related Terms

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Idacorp (Idacorp) Business Description

Industry
Traded in Other Exchanges
Address
1221 West Idaho Street, Boise, ID, USA, 83702-5627
Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.
Executives
Jeffrey L Malmen officer: Vice President-Public Affairs 1221 WEST IDAHO STREET, BOISE ID 83702
Mitchel D Colburn officer: VP of Plan, Eng, & Const (IPC) 1221 W IDAHO ST, BOISE ID 83702
Nate Jorgensen director PO BOX 50, BOISE ID 83728-0050
Susan Morris director ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Julia A Hilton officer: VP and General Counsel 1221 W IDAHO ST, BOISE ID 83702
Dennis L Johnson director 1221 W IDAHO ST, BOISE ID 83702
Jeff C Kinneeveauk director 7300 EAST EARLL DRIVE, #3022, SCOTTSDALE AZ 85251
Mark T Peters director 884 NEIL AVENUE, COLUMBUS OH 43215
Odette C Bolano director 1726 N MOCKBEE PL, BOISE ID 83702
Christine King director AMIS HOLDINGS, INC., 2300 BUCKSKIN RD, POCATELLO ID 83201
Tom J Harvey officer: VP of Power Supply (IPC) 1221 W IDAHO ST, BOISE ID 83702
Darrel T Anderson officer: VP, CFO & Treasurer 1221 W IDAHO ST, BOISE ID 83702
Richard J Dahl director DOLE FOOD CO, 1 DOLE DRIVE, WESTLAKE CA 91362
Sarah E Griffin officer: VP of Human Resources 1221 W IDAHO ST, BOISE ID 83702
Hanchey James Bo D officer: VP of Cust Op & CSO 1221 W IDAHO ST, BOISE ID 83702