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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ITC Holdings's interest expense for the three months ended in Jun. 2016 was $ -52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2016 was $-207 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. ITC Holdings's Operating Income for the three months ended in Jun. 2016 was $ 160 Mil. ITC Holdings's Interest Expense for the three months ended in Jun. 2016 was $ -52 Mil. ITC Holdings's Interest Coverage for the quarter that ended in Jun. 2016 was 3.08. 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.
The historical data trend for ITC Holdings'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.
ITC Holdings Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -146.94 | -155.73 | -168.32 | -186.64 | -203.78 |
ITC Holdings Quarterly Data | ||||||||||||||||||||
Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
Interest Expense | Get a 7-Day Free Trial | -50.20 | -51.40 | -53.71 | -50.42 | -51.80 |
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 Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-207 Mil.
* 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.
ITC Holdings (NYSE:ITC) Interest Expense Explanation
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. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
ITC Holdings's Interest Expense for the three months ended in Jun. 2016 was $-52 Mil. Its Operating Income for the three months ended in Jun. 2016 was $160 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2016 was $4,147 Mil.
ITC Holdings's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2016 ) | / | Interest Expense (Q: Jun. 2016 ) |
= | -1 | * | 159.534 | / | -51.804 | |
= | 3.08 |
* 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.
The higher the ratio, the stronger the company's financial strength is.
Edward G Jepsen | director | C/O AMPHENOL CORPORATION, 358 HALL AVENUE, WALLINGFORD CT 06492 |
Rejji P Hayes | officer: EVP & CFO | ONE ENERGY PLAZA, JACKSON MI 49201 |
Thomas G Stephens | director | 777 JOSLYN ROAD, MC 483 720 540, PONTIAC MI 48340-2925 |
Dave R Lopez | director | 100 N BROADWAY, OKLAHOMA CITY OK 73102 |
Lee C Stewart | director | PO BOX 816, SHARON CT 06069 |
Chris Franklin | director | 762 W.LANCASTER AVE, BRYN MAWR PA 19010 |
Cameron M Bready | officer: EVP & Chief Financial Officer | 3550 LENOX RD, ATLANTA GA 30326 |
Watts J C Jr | director |
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