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Avista AVA Avista Utilities — Regulatory Restrictions Maximum Debtto Equity

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Other financials

Income statement

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Revenue$570.0M-7.6%
Operating income$134.0M+7.2%
Net income$92.0M+16.5%
EPS (diluted)$1.11+13.3%

Balance sheet

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Cash & equivalents$18.0M+5.9%
Total debt$416.0M+30.8%
Total equity$2.8B+4.8%
Total assets$8.4B+5.5%

Cash flow

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Operating cash flow$179.0M-2.7%
CapEx$150.0M+45.6%
Free cash flow$29.0M-64.2%

Valuation

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Market cap$3.22B+8.9%
Enterprise value$3.62B+11.3%
P/E15.6×-1.0×
P/S1.7×+0.2×

Profitability

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Operating margin18.9%+1.9pp
Net margin10.7%+1.1pp
FCF margin-8%

Returns & leverage

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Return on equity7.6%+0.4pp
Debt / equity0.1×0.0×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Avista in its filing.

Tagged under the XBRL concept ava:RegulatoryRestrictionsMaximumDebttoEquity.

The source filing: Avista’s 10-K, filed February 25, 2026.

Filed
Feb 24, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001193125-26-067872
  • certain covenants applicable to preferred stock (when outstanding) contained in the Company’s Restated Articles of Incorporation, as amended (currently there are no preferred shares outstanding),
  • certain covenants applicable to the Company's outstanding long-term debt and committed line of credit agreements,
  • the hydroelectric licensing requirements of section 10(d) of the FPA (see Note 1), and
  • certain requirements under the OPUC approval of the AERC acquisition in 2014. The OPUC's AERC acquisition order requires Avista Utilities to maintain a capital structure of no less than 40 percent common equity (inclusive of short-term debt). This limitation may be revised upon request by the Company with approval from the OPUC.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Avista's avista utilities — regulatory restrictions maximum debtto equity?
Avista (AVA) reported avista utilities — regulatory restrictions maximum debtto equity of 40% in Q4 2025.
How has Avista's avista utilities — regulatory restrictions maximum debtto equity changed year-over-year?
Avista's avista utilities — regulatory restrictions maximum debtto equity decreased by 0.0% year-over-year, from 40% to 40%.
What does avista utilities — regulatory restrictions maximum debtto equity mean?
The maximum allowable ratio of debt to equity as mandated by regulatory bodies or debt covenants. This constraint limits the company's leverage to ensure financial stability and protect ratepayers. Understanding this threshold is essential for evaluating the company's ability to take on more debt for capital expansion.

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