Corning Natural Gas Holding (Corning Natural Gas Holding) Interest Expense : $-3.66 Mil (TTM As of Mar. 2022)

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What is Corning Natural Gas Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corning Natural Gas Holding's interest expense for the three months ended in Mar. 2022 was $ -0.86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2022 was $-3.66 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. Corning Natural Gas Holding's Operating Income for the three months ended in Mar. 2022 was $ 4.18 Mil. Corning Natural Gas Holding's Interest Expense for the three months ended in Mar. 2022 was $ -0.86 Mil. Corning Natural Gas Holding's Interest Coverage for the quarter that ended in Mar. 2022 was 4.85. 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.

Corning Natural Gas Holding Interest Expense Historical Data

The historical data trend for Corning Natural Gas Holding'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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Corning Natural Gas Holding Interest Expense Chart

Corning Natural Gas Holding Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Interest Expense

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-1.90

-2.10

-2.33

-2.57

-3.43

Corning Natural Gas Holding Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Interest Expense	Get a 7-Day Free Trial															-0.75	-1.08	-0.87	-0.86	-0.86

Corning Natural Gas Holding 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 Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.66 Mil.

Corning Natural Gas Holding (OTCPK:CNIGO.PFD) 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.

Corning Natural Gas Holding's Interest Expense for the three months ended in Mar. 2022 was $-0.86 Mil. Its Operating Income for the three months ended in Mar. 2022 was $4.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2022 was $42.56 Mil.

Corning Natural Gas Holding's Interest Coverage for the quarter that ended in Mar. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2022 )	/	Interest Expense (Q: Mar. 2022 )
	=	-1	*	4.183	/	-0.863
	=	4.85

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. Corning Natural Gas Holding Corp interest coverage is 1.42, which is low.

Corning Natural Gas Holding (Corning Natural Gas Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Corning Natural Gas Holding Corp (OTCPK:CNIGO.PFD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 West William Street, Corning, NY, USA, 14830

Website

http://www.corninggas.com

Corning Natural Gas Holding Corp, through its subsidiaries, is engaged in natural gas and electric distribution. Its segments include Gas Company, Pike, Leatherstocking companies, and Holding company. The company serves residential, commercial, industrial, and municipal customers. The company generates the vast majority of its revenue from Gas distribution.