Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Idacorp's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,908 Mil. Idacorp's Total Assets for the quarter that ended in Dec. 2023 was $8,476 Mil.
Therefore, Idacorp's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.34.
The historical rank and industry rank for Idacorp's Equity-to-Asset or its related term are showing as below:
IDA'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.37 Max: 0.37
Current: 0.34
During the past 13 years, the highest Equity to Asset Ratio of Idacorp was 0.37. The lowest was 0.34. And the median was 0.37.
IDA's Equity-to-Asset is ranked worse than 57.58% of 521
companies
in the Utilities - Regulated industry
Industry Median: 0.38
vs IDA: 0.34
Idacorp Equity-to-Asset Historical Data
The historical data trend for Idacorp's Equity-to-Asset 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.
Competitive Comparison of Idacorp's Equity-to-Asset
For the Utilities - Regulated Electric subindustry, Idacorp's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Idacorp's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Idacorp's Equity-to-Asset falls into.
Idacorp Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Idacorp's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Idacorp (NYSE:IDA) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Idacorp Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Idacorp's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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