IDACORP Interest Coverage from 2010 to 2024

IDA Stock  USD 94.11  0.23  0.24%   
IDACORP's Interest Coverage is increasing over the years with slightly volatile fluctuation. Interest Coverage is expected to dwindle to 2.11. From 2010 to 2024 IDACORP Interest Coverage quarterly data regression line had arithmetic mean of  2.82 and significance of  0.13. View All Fundamentals
 
Interest Coverage  
First Reported
2010-12-31
Previous Quarter
2.69178323
Current Value
2.11
Quarterly Volatility
1.52883546
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check IDACORP financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among IDACORP main balance sheet or income statement drivers, such as Interest Expense of 122.3 M, Total Revenue of 1.2 B or Gross Profit of 458.3 M, as well as many exotic indicators such as Price To Sales Ratio of 1.69, Dividend Yield of 0.0452 or PTB Ratio of 1.22. IDACORP financial statements analysis is a perfect complement when working with IDACORP Valuation or Volatility modules.
  
This module can also supplement IDACORP's financial leverage analysis and stock options assessment as well as various IDACORP Technical models . Check out the analysis of IDACORP Correlation against competitors.
For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.

Latest IDACORP's Interest Coverage Growth Pattern

Below is the plot of the Interest Coverage of IDACORP over the last few years. It is IDACORP's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in IDACORP's overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Slightly volatile
   Interest Coverage   
       Timeline  

IDACORP Interest Coverage Regression Statistics

Arithmetic Mean2.82
Coefficient Of Variation54.23
Mean Deviation0.98
Median3.44
Standard Deviation1.53
Sample Variance2.34
Range5.9337
R-Value0.41
Mean Square Error2.10
R-Squared0.16
Significance0.13
Slope0.14
Total Sum of Squares32.72

IDACORP Interest Coverage History

2024 2.11
2023 2.69
2022 3.66
2021 3.8
2020 3.54
2018 3.45
2017 3.63

About IDACORP Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include IDACORP income statement, its balance sheet, and the statement of cash flows. IDACORP investors use historical funamental indicators, such as IDACORP's Interest Coverage, to determine how well the company is positioned to perform in the future. Although IDACORP investors may use each financial statement separately, they are all related. The changes in IDACORP's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on IDACORP's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on IDACORP Financial Statements. Understanding these patterns can help to make the right decision on long term investment in IDACORP. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Interest Coverage 2.69  2.11 

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When determining whether IDACORP offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IDACORP's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Idacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Idacorp Stock:
Check out the analysis of IDACORP Correlation against competitors.
For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.
Note that the IDACORP information on this page should be used as a complementary analysis to other IDACORP's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running IDACORP's price analysis, check to measure IDACORP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IDACORP is operating at the current time. Most of IDACORP's value examination focuses on studying past and present price action to predict the probability of IDACORP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDACORP's price. Additionally, you may evaluate how the addition of IDACORP to your portfolios can decrease your overall portfolio volatility.
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Is IDACORP's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IDACORP. If investors know IDACORP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IDACORP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Dividend Share
3.2
Earnings Share
5.14
Revenue Per Share
34.828
Quarterly Revenue Growth
(0.03)
The market value of IDACORP is measured differently than its book value, which is the value of IDACORP that is recorded on the company's balance sheet. Investors also form their own opinion of IDACORP's value that differs from its market value or its book value, called intrinsic value, which is IDACORP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IDACORP's market value can be influenced by many factors that don't directly affect IDACORP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IDACORP's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDACORP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDACORP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.