IDACORP, Inc. (IDA) Balance Sheet

NYSE: IDAAssets, liabilities, debt and equity over 10 years.

IDA balance sheet, 2025

December 31, 2025 · U.S. dollars

$10.23B assets = $6.65B liabilities + $3.58B equity

Both columns are drawn to the same scale: what IDA owns equals what it owes plus shareholders’ equity. Hover a block for its value.

IDA financial health

Current ratio0.93

Tight · current assets cover current liabilities 0.93×

Debt / equity1.03

Moderate leverage · $1.03 of debt for each $1 of equity

Equity / assets34.9%

Balanced · of assets funded by shareholders

Cash / debt5.9%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

IDA balance sheet trends, 2016–2025

IDACORP, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$6.29B2016	$10.23B2025	+5.5%/yr
Total liabilities	$4.13B2016	$6.65B2025	+5.4%/yr
Shareholders’ equity	$2.15B2016	$3.57B2025	+5.8%/yr
Cash & short-term investments	$61.5M2016	$215.7M2025	+15.0%/yr
Total debt	$1.77B2016	$3.66B2025	+8.4%/yr
Net cash (debt)	−$1.71B2016	−$3.45B2025	−$1.7B
Working capital	$190.6M2016	−$64.4M2025	−$255.0M
Book value per share	$42.762016	$65.172025	+4.8%/yr
Current ratio	1.762016	0.932025	−0.84
Debt / equity	0.822016	1.032025	+0.21
Shares outstanding	50.4M2016	54.8M2025	+0.9%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

IDA assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

IDA liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

IDA debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

IDA balance sheet

IDACORP, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$215.7M	$368.9M	$327.4M	$177.6M	$215.2M	$300.1M	$217.3M	$267.5M	$76.6M	$61.5M
Cash & equivalents	$215.7M	$368.9M	$327.4M	$177.6M	$215.2M	$275.1M	$217.3M	$267.5M	$76.6M	$61.5M
Short-term investments	—	—	−$17,000	$2.62B	$0	$25.0M	$0	—	$0	$0
Receivables	$224.1M	$256.1M	$267.0M	$263.9M	$183.4M	$160.1M	$159.1M	$158.3M	$189.0M	$180.4M
Inventory	$226.4M	$244.7M	$160.5M	$107.2M	$95.6M	$96.6M	$114.1M	$103.0M	$112.4M	$111.6M
Other current assets	$167.2M	$118.8M	$249.1M	$144.9M	$101.6M	$85.6M	$74.7M	$68.9M	$65.6M	$86.9M
Total current assets	$833.4M	$988.5M	$1.00B	$693.7M	$595.9M	$642.4M	$565.1M	$597.6M	$443.6M	$440.3M
Property, plant & equipment (net)	$7.65B	$6.52B	$5.75B	$5.17B	$4.90B	$4.71B	$4.53B	$4.40B	$4.28B	$4.17B
Goodwill & intangible assets	$0	$0	$0	$0	$0	$0	$0	$0	$1.05B	$19.0M
Long-term investments	$155.0M	$161.3M	$164.0M	$121.4M	$123.8M	$126.9M	$98.2M	$101.2M	$115.7M	$125.2M
Other non-current assets	$1.59B	$1.57B	$1.56B	$1.56B	$1.59B	$1.62B	$1.45B	$1.29B	$148.5M	$1.53B
Total assets	$10.23B	$9.24B	$8.48B	$7.54B	$7.21B	$7.10B	$6.64B	$6.38B	$6.05B	$6.29B
Liabilities
Accounts payable	$344.9M	$307.1M	$308.5M	$292.7M	$146.0M	$120.6M	$110.7M	$110.8M	$90.3M	$106.2M
Short-term debt	$116.3M	$19.9M	$49.8M	$0	$93.9M	$95.8M	$100.0M	$12.0M	$80.5M	$22.9M
Deferred revenue	$201.7M	$165.2M	$104.3M	$72.2M	$43.5M	$29.3M	$28.5M	$20.0M	$18.4M	$21.4M
Total current liabilities	$897.8M	$700.8M	$634.1M	$548.6M	$325.6M	$287.6M	$374.9M	$258.6M	$200.7M	$249.7M
Long-term debt	$3.55B	$3.05B	$2.78B	$2.19B	$2.00B	$2.00B	$1.74B	$1.83B	$1.75B	$1.74B
Lease obligations	$216.7M	$0	—	—	—	—	—	—	—	—
Other long-term liabilities	$2.20B	$2.15B	$2.15B	$1.99B	$2.21B	$2.24B	$2.06B	$1.91B	$1.84B	$2.14B
Total liabilities	$6.65B	$5.90B	$5.56B	$4.73B	$4.54B	$4.53B	$4.17B	$4.01B	$3.79B	$4.13B
Shareholders' equity
Common stock & paid-in capital	$1.30B	$1.19B	$888.6M	$882.2M	$874.9M	$869.2M	$868.3M	$863.6M	$857.2M	$851.8M
Retained earnings (deficit)	$2.28B	$2.15B	$2.04B	$1.94B	$1.83B	$1.73B	$1.63B	$1.53B	$1.43B	$1.32B
Treasury stock	—	—	—	—	—	—	−$1.9M	−$1.9M	−$1.4M	−$243,000
Accumulated other comprehensive income	−$14.9M	−$13.6M	−$17.2M	−$12.9M	−$40.0M	−$43.4M	−$36.3M	−$22.8M	−$31.0M	−$20.9M
Minority interest	$6.8M	$7.0M	$7.2M	$7.4M	$6.8M	$6.5M	$5.9M	$5.5M	$4.7M	$4.0M
Total shareholders' equity	$3.57B	$3.33B	$2.91B	$2.81B	$2.68B	$2.57B	$2.46B	$2.38B	$2.26B	$2.15B
Key figures
Total debt	$3.66B	$3.07B	$2.83B	$2.19B	$2.09B	$2.10B	$1.84B	$1.85B	$1.83B	$1.77B
Net cash (debt)	−$3.45B	−$2.70B	−$2.50B	−$2.02B	−$1.88B	−$1.80B	−$1.62B	−$1.58B	−$1.75B	−$1.71B
Working capital	−$64.4M	$287.7M	$370.0M	$145.1M	$270.2M	$354.8M	$190.3M	$339.0M	$242.9M	$190.6M
Tangible book value	$3.57B	$3.33B	$2.91B	$2.81B	$2.68B	$2.57B	$2.46B	$2.38B	$1.20B	$2.13B
Book value per share	$65.17	$63.31	$57.23	$55.37	$52.82	$50.75	$48.77	$47.04	$44.74	$42.76
Shares outstanding	54.8M	52.6M	50.8M	50.7M	50.6M	50.6M	50.5M	50.5M	50.4M	50.4M
Current ratio	0.93	1.41	1.58	1.26	1.83	2.23	1.51	2.31	2.21	1.76
Quick ratio	0.49	0.89	0.94	0.80	1.22	1.60	1.00	1.65	1.32	0.97
Debt / equity	1.03	0.92	0.97	0.78	0.78	0.82	0.75	0.78	0.81	0.82
Equity / assets	34.9%	36.1%	34.3%	37.2%	37.1%	36.2%	37.1%	37.2%	37.3%	34.2%

IDACORP, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$83.6M	$337.8M	$215.7M	$333.2M	$474.5M	$634.5M	$368.9M	$427.9M	$169.6M	$157.6M	$327.4M	$445.5M
Cash & equivalents	$83.6M	$337.8M	$215.7M	$333.2M	$474.5M	$634.5M	$368.9M	$427.9M	$169.6M	$157.6M	$327.4M	$445.5M
Short-term investments	—	—	—	—	—	—	—	−$42,000	—	—	—	—
Receivables	$328.5M	$205.6M	$224.1M	$278.7M	$270.0M	$242.7M	$256.1M	$267.1M	$285.3M	$242.0M	$267.0M	$252.7M
Inventory	$228.4M	$228.3M	$226.4M	$237.0M	$249.5M	$246.0M	$244.7M	$219.6M	$200.0M	$180.3M	$160.5M	$152.6M
Other current assets	$304.1M	$274.8M	$167.2M	$111.6M	$85.5M	$92.8M	$118.8M	$118.7M	$159.6M	$200.4M	$249.1M	$187.4M
Total current assets	$944.6M	$1.05B	$833.4M	$960.4M	$1.08B	$1.22B	$988.5M	$1.03B	$814.4M	$780.3M	$1.00B	$1.04B
Property, plant & equipment (net)	$8.16B	$7.79B	$7.65B	$7.37B	$7.15B	$6.68B	$6.52B	$6.32B	$6.12B	$5.85B	$5.75B	$5.55B
Goodwill & intangible assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-term investments	$157.2M	$151.7M	$155.0M	$154.9M	$158.1M	$156.4M	$161.3M	$161.6M	$165.9M	$156.3M	$164.0M	$157.5M
Other non-current assets	$1.61B	$1.60B	$1.59B	$1.59B	$1.55B	$1.54B	$1.57B	$1.59B	$1.58B	$1.56B	$1.56B	$1.54B
Total assets	$10.87B	$10.59B	$10.23B	$10.08B	$9.94B	$9.59B	$9.24B	$9.11B	$8.68B	$8.35B	$8.48B	$8.29B
Liabilities
Accounts payable	$341.3M	$281.4M	$344.9M	$317.4M	$275.9M	$267.4M	$307.1M	$241.2M	$205.6M	$199.7M	$308.5M	$227.3M
Short-term debt	$116.3M	$116.3M	$116.3M	$116.3M	$0	$0	$19.9M	$69.7M	$49.8M	$49.8M	$49.8M	$111.8M
Deferred revenue	$208.3M	$195.6M	$201.7M	$185.6M	$187.4M	$183.1M	$165.2M	$101.8M	$100.9M	$105.6M	$104.3M	$103.9M
Total current liabilities	$958.3M	$864.8M	$897.8M	$885.2M	$742.4M	$673.5M	$700.8M	$606.2M	$525.6M	$505.4M	$634.1M	$488.9M
Long-term debt	$3.68B	$3.68B	$3.55B	$3.55B	$3.67B	$3.45B	$3.05B	$3.05B	$2.78B	$2.78B	$2.78B	$2.83B
Lease obligations	$213.6M	$215.2M	$216.7M	$218.2M	$219.9M	—	$0	—	—	—	—	—
Other long-term liabilities	$2.45B	$2.40B	$2.20B	$2.15B	$2.12B	$2.12B	$2.15B	$2.17B	$2.17B	$2.14B	$2.15B	$2.05B
Total liabilities	$7.08B	$6.94B	$6.65B	$6.59B	$6.53B	$6.24B	$5.90B	$5.83B	$5.47B	$5.42B	$5.56B	$5.36B
Shareholders' equity
Common stock & paid-in capital	$1.43B	$1.35B	$1.30B	$1.21B	$1.20B	$1.20B	$1.19B	$1.13B	$1.12B	$890.0M	$888.6M	$886.2M
Retained earnings (deficit)	$2.36B	$2.30B	$2.28B	$2.29B	$2.21B	$2.16B	$2.15B	$2.16B	$2.09B	$2.04B	$2.04B	$2.05B
Accumulated other comprehensive income	−$14.5M	−$14.7M	−$14.9M	−$13.3M	−$13.5M	−$13.7M	−$13.6M	−$16.3M	−$16.6M	−$16.9M	−$17.2M	−$12.5M
Minority interest	$7.2M	$6.9M	$6.8M	$7.5M	$7.4M	—	—	—	—	—	—	—
Total shareholders' equity	$3.77B	$3.64B	$3.57B	$3.48B	$3.40B	$3.35B	$3.33B	$3.27B	$3.20B	$2.92B	$2.91B	$2.92B
Key figures
Total debt	$4.01B	$4.01B	$3.66B	$3.67B	$3.67B	$3.45B	$3.07B	$3.12B	$2.83B	$2.83B	$2.83B	$2.94B
Net cash (debt)	−$3.92B	−$3.67B	−$3.45B	−$3.33B	−$3.19B	−$2.81B	−$2.70B	−$2.70B	−$2.66B	−$2.67B	−$2.50B	−$2.49B
Working capital	−$13.7M	$181.8M	−$64.4M	$75.2M	$337.0M	$542.6M	$287.7M	$427.2M	$288.8M	$274.9M	$370.0M	$549.2M
Tangible book value	$3.77B	$3.64B	$3.57B	$3.48B	$3.40B	$3.35B	$3.33B	$3.27B	$3.20B	$2.92B	$2.91B	$2.92B
Book value per share	$65.96	$64.70	$65.17	$63.23	$62.51	$61.83	$61.73	$61.13	$61.19	$57.39	$57.09	$57.49
Shares outstanding	57.2M	56.3M	54.8M	55.1M	54.4M	54.1M	54.0M	53.5M	52.2M	50.8M	50.9M	50.8M
Current ratio	0.99	1.21	0.93	1.08	1.45	1.81	1.41	1.70	1.55	1.54	1.58	2.12
Quick ratio	0.43	0.63	0.49	0.69	1.00	1.30	0.89	1.15	0.87	0.79	0.94	1.43
Debt / equity	1.06	1.10	1.03	1.05	1.08	1.03	0.92	0.96	0.88	0.97	0.97	1.01
Equity / assets	34.7%	34.4%	34.9%	34.5%	34.2%	34.9%	36.1%	35.9%	36.8%	34.9%	34.3%	35.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.

IDA financial position

At the end of fiscal 2025 (December 31, 2025), IDACORP had total assets of $10.2 billion (up 10.7% from a year earlier), total liabilities of $6.6 billion and shareholders' equity of $3.6 billion. It held $215.7 million in cash and short-term investments against $3.7 billion of debt, net debt of $3.4 billion. Its current ratio was 0.93. In the latest quarter (ended June 30, 2026) total assets were $10.9 billion and equity $3.8 billion.

Related: IDA income statement, IDA cash flow statement, IDA key metrics. See the IDA stock overview for the latest quote and news.

IDA balance sheet FAQ

What are IDACORP's total assets?

IDACORP reported total assets of $10.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $9.2 billion a year earlier.

How much debt does IDACORP have?

IDACORP had $3.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.03.

How much cash does IDACORP have?

IDACORP held $215.7 million in cash and short-term investments at the end of fiscal 2025; with $3.7 billion of debt that is net debt of $3.4 billion.

What is IDACORP's book value?

IDACORP's shareholders' equity (book value) was $3.6 billion at the end of fiscal 2025, or $65.17 per share.

What is IDACORP's current ratio?

IDACORP had current assets of $833.4 million and current liabilities of $897.8 million, a current ratio of 0.93 (current liabilities exceed current assets).