Unitil (Unitil) Interest Expense : $-34.9 Mil (TTM As of Dec. 2023)

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What is Unitil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Unitil's interest expense for the three months ended in Dec. 2023 was $ -9.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-34.9 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. Unitil's Operating Income for the three months ended in Dec. 2023 was $ 27.8 Mil. Unitil's Interest Expense for the three months ended in Dec. 2023 was $ -9.5 Mil. Unitil's Interest Coverage for the quarter that ended in Dec. 2023 was 2.93. 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.

Unitil Interest Expense Historical Data

The historical data trend for Unitil'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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Unitil Interest Expense Chart

Unitil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-26.60

-26.40

-27.20

-28.30

-34.90

Unitil 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															-7.70	-8.20	-8.50	-8.70	-9.50

Unitil 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 $-34.9 Mil.

Unitil (NYSE:UTL) 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.

Unitil's Interest Expense for the three months ended in Dec. 2023 was $-9.5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $27.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $512.8 Mil.

Unitil'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	*	27.8	/	-9.5
	=	2.93

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

Unitil (Unitil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Unitil Corp (NYSE:UTL) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

6 Liberty Lane West, Hampton, NH, USA, 03842-1720

Website

https://www.unitil.com

Unitil Corp is a holding company, through its subsidiaries it is engaged in the local distribution of electricity and natural gas throughout its service territories in the states of New Hampshire, Massachusetts, and Maine. It reports three segments namely utility gas operations, utility electric operations, and non-regulated.

Executives

Todd R Diggins	officer: Controller and CAO	6 LIBERTY LANE WEST, HAMPTON NH 03842
Anne L. Alonzo	director	601 WEST FIRST AVENUE, SUITE 1600, SPOKANE WA 99201
Neveen F Awad	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Justin Eisfeller	officer: VP, IT & CTO	6 LIBERTY LANE WEST, HAMPTON NH 03842
Todd R Black	officer: SR. VICE PRESIDENT	6 LIBERTY LANE WEST, HAMPTON NH 03842
Robert B Hevert	officer: Senior Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Meissner Thomas P Jr	officer: Sr. Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Daniel J Hurstak	officer: Controller	6 LIBERTY LANE WEST, HAMPTON NH 03842
Winfield S Brown	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Justine Vogel	director	6 LIBERTY LANE WEST, HAMPTON NH 03857
Suzanne Foster	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
Christine L Vaughan	officer: SVP, Fin. & Regulatory Svcs	6 LIBERTY LANE WEST, HAMPTON NH 03842
Christopher J Leblanc	officer: Vice President	6 LIBERTY LANE WEST, HAMPTON NH 03842
Elfner Albert H Iii	director	6 LIBERTY LANE WEST, HAMPTON NH 03842
David P Brownell	director	6 LIBERTY LANE WEST, HAMPTON NH 03842