Black Hills (Black Hills) Interest Expense

: $-180 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Black Hills's interest expense for the three months ended in Dec. 2023 was $ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-180 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Black Hills's Operating Income for the three months ended in Dec. 2023 was $ 137 Mil. Black Hills's Interest Expense for the three months ended in Dec. 2023 was $ -48 Mil. Black Hills's Interest Coverage for the quarter that ended in Dec. 2023 was 2.83. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Black Hills Interest Expense Historical Data

The historical data trend for Black Hills's Interest Expense 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.

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Black Hills Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-139.29

-144.93

-154.10

-162.60

-180.00

Black Hills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-44.15	-44.07	-43.27	-44.48	-48.19

Black Hills Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-180 Mil.

Black Hills (NYSE:BKH) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Black Hills's Interest Expense for the three months ended in Dec. 2023 was $-48 Mil. Its Operating Income for the three months ended in Dec. 2023 was $137 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,801 Mil.

Black Hills's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	136.53	/	-48.191
	=	2.83

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Black Hills Corp interest coverage is 2.63, which is low.

Black Hills (Black Hills) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Black Hills Corp (NYSE:BKH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

BHI:Germany BHI:Germany

Address

7001 Mount Rushmore Road, Rapid City, SD, USA, 57702

Website

https://www.blackhillscorp.com

Black Hills Corp is a U.S.-based energy company that operates through its regulated Electric Utilities, regulated Gas Utilities, Power Generation and Mining segments. These segments operate in states in the Midwest and mountain regions in the U.S. The company's customers include residential, commercial, industrial, and municipal consumers. These customers are residential. Black Hills derives the majority of its revenue from its utility business group, specifically from electric utilities.

Executives

Richard Kinzley	officer: Sr VP & CFO	PO BOX 1400, RAPID CITY SD 57709
Rebecca B Roberts	director	1000 LOUISIANA, SUITE 5800, HOUSTON TX 77002
Stuart A Wevik	officer: Sr VP - Utility Operations	PO BOX 1400, RAPID CITY SD 57709
Kathleen S Mcallister	director	DEEPWATER HOUSE, KINGSWELLS CAUSEWAY, PRIME FOUR BUSINESS PARK, ABERDEEN, SCOTLAND X0 AB15 8PU
Barry M Granger	director	PO BOX 1400, RAPID CITY SD 57709
Robert P Otto	director	PO BOX 1400, RAPID CITY SD 57709
Mark A Schober	director
Tony A Jensen	director	620 E HEARTSTRONG STREET, SUPERIOR CO 80027
Scott M Prochazka	director	1111 LOUISIANA, HOUSTON TX 77002
Teresa Taylor	director	FIRST INTERSTATE BANCSYSTEM, INC, PO BOX 30918, BILLINGS MT 59116-0918
Michael Madison	director	PO BOX 5000, PINEVILLE LA 71361-5000
John B Vering	director	PO BOX 1400, RAPID CITY SD 57709
Steven Richard Mills	director	C/O ARCHER DANIELS MIDLAND CO, 4666 FARIES PARKWAY, DECATUR IL 62526
Linden R Evans	officer: President and CEO	PO BOX 1400, RAPID CITY SD 57709
David R Emery	director, officer: Executive Chairman	P O BOX 1400, RAPID CITY SD 57709-1400