PG&E (PCG) Interest Expense

: $-2,850 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. PG&E's interest expense for the three months ended in Dec. 2023 was $ -926 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2,850 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. PG&E's Operating Income for the three months ended in Dec. 2023 was $ 1,593 Mil. PG&E's Interest Expense for the three months ended in Dec. 2023 was $ -926 Mil. PG&E's Interest Coverage for the quarter that ended in Dec. 2023 was 1.72. 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.

PG&E Interest Expense Historical Data

The historical data trend for PG&E'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.

* Premium members only.

PG&E Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-934.00

-1,260.00

-1,601.00

-1,917.00

-2,850.00

PG&E Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-562.00	-602.00	-640.00	-682.00	-926.00

PG&E 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 $-2,850 Mil.

PG&E (NYSE:PCG) 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.

PG&E's Interest Expense for the three months ended in Dec. 2023 was $-926 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,593 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $52,047 Mil.

PG&E'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	*	1593	/	-926
	=	1.72

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. PG&E Corp interest coverage is 1.4, which is low.

PG&E (PCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PG&E Corp (NYSE:PCG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PCG:Mexico 1PCG:Italy PCG:Germany PCG:Germany PCG:Austria

Address

300 Lakeside Drive, Oakland, CA, USA, 94612

Website

https://www.pgecorp.com

PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.

Executives

Cheryl F. Campbell	director	C/O 77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Carolyn Jeanne Burke	officer: EVP Finance	C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Patricia K Poppe	director, officer: Chief Executive Officer	77 BEALE STREET, POB 770000, SAN FRANCISCO CA 94177
Edward G Cannizzaro	director	5130 HACIENDA DRIVE, DUBLIN CA 94568
Stephanie N Williams	officer: VP and Controller	77 BEALE STREET, PO BOX 77000, SAN FRANCISCO CA 94177
Pg&e Fire Victim Trust	10 percent owner	TWO EMBARCADERO CENTER, SUITE 1500, SAN FRANCISCO CA 94111
William Lloyd Smith	director	46429 LANDING PARKWAY, FREMONT CA 94538
Marlene Santos	other: EVP, CCO at PG&E Company	77 BEALE STREET, P.O. BOX 770000, SAN FRANCISCO CA 94117
Carlos M Hernandez	director
Adam L Wright	other: EVP, Ops & COO at PG&E Company	77 BEALE STREET, P.O. BOX 770000, SAN FRANCISCO CA 94177
Julius Cox	officer: EVP/Ppl, Shrd Svcs & Spply Chn	77 BEALE STREET, POB 770000, SAN FRANCISCO CA 94177
Sumeet Singh	officer: EVP/CRO & Chf Safety Ofc	77 BEALE STREET, PO BOX 770000, SAN FRANCISCO CA 94177
Ajay Waghray	officer: SVP & Chf Information Ofc	C/O ASSURANT, INC., 28 LIBERTY STREET, 41 FL., NEW YORK NY 1
Carla J Peterman	officer: EVP/Corp. Affairs & CSO	77 BEALE STREET, P.O. BOX 77000, SAN FRANCISCO CA 94177
Christopher A Foster	officer: EVP & Chief Financial Officer	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177