RGC Resources (RGC Resources) Interest Expense : $-5.89 Mil (TTM As of Dec. 2023)

View and export this data going back to 1994. Start your Free Trial

What is RGC Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. RGC Resources's interest expense for the three months ended in Dec. 2023 was $ -1.64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-5.89 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. RGC Resources's Operating Income for the three months ended in Dec. 2023 was $ 6.65 Mil. RGC Resources's Interest Expense for the three months ended in Dec. 2023 was $ -1.64 Mil. RGC Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 4.07. 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.

RGC Resources Interest Expense Historical Data

The historical data trend for RGC Resources'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.

RGC Resources Interest Expense Chart

RGC Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

Get a 7-Day Free Trial

-3.62

-4.10

-4.05

-4.50

-5.62

RGC Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.37	-1.40	-1.42	-1.43	-1.64

RGC Resources 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 $-5.89 Mil.

RGC Resources (NAS:RGCO) 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.

RGC Resources's Interest Expense for the three months ended in Dec. 2023 was $-1.64 Mil. Its Operating Income for the three months ended in Dec. 2023 was $6.65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $102.46 Mil.

RGC Resources'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	*	6.652	/	-1.636
	=	4.07

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

RGC Resources (RGC Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » RGC Resources Inc (NAS:RGCO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

519 Kimball Avenue North East, Roanoke, VA, USA, 24016

Website

https://www.rgcresources.com

RGC Resources Inc is involved in the business of distribution and sale of natural gas to residential, commercial, and industrial customers within its service territory in Roanoke, Virginia and its surrounding localities as well as it also provides certain non-regulated services. The company relies on multiple interstate pipelines to transport natural gas. The company operates in three segments: Gas Utility, which is the key revenue generator; Investment in Affiliates this segment reflects the income generated through the activities of the Company's investment in MVP and Southgate projects and Parent & Other include the unregulated activities of the Company as well as certain corporate eliminations.

Executives

Christen Brooke Miles	officer: VP, Human Resources	P.O. BOX 13007, ROANOKE VA 24030
Lawrence T. Oliver	officer: VP, Interim CFO, Sec. & Treas.	P. O. BOX 13007, ROANOKE VA 24030
Robert B Johnston	director
Jason A. Field	officer: VP, Treasurer & CFO	P. O. BOX 13007, ROANOKE VA 24030
Williamson John B Iii	director, officer: Chairman, President & CEO	PO BOX 13007, ROANOKE VA 24030
Paul W Nester	officer: VP, Treasurer & CFO	P.O. BOX 13007, ROANOKE VA 24030
Anita G Zucker	10 percent owner	4838 JENKINS AVE, N CHARLESTON SC 29405
Elizabeth A Mcclanahan	director	P. O. BOX 13007, ROANOKE VA 24030
Jacqueline L. Archer	director	P. O. BOX 13007, ROANOKE VA 24030
Burton Randall P. Ii	other: Former VP, CFO, Sec. & Treas.	P. O. BOX 13007, ROANOKE VA 24030
Shockley C James Jr	officer: VP & COO	P.O. BOX 13007, ROANOKE VA 24030
Wells Robert L Ii	officer: VP, CIO, Asst. Sec. & Treas.	P.O. BOX 13007, ROANOKE VA 24030
Nancy H Agee	director	PO BOX 13007, ROANOKE VA 24030
D Orazio John S	officer: VP & COO Roanoke Gas Co (sub)	PO BOX 13007, ROANOKE VA 24030
Smoot Raymond D Jr	director	P. O. BOX 13007, ROANOKE VA 24030