California Water Service Group (California Water Service Group) Interest Expense : $-52.9 Mil (TTM As of Dec. 2023)

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What is California Water Service Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. California Water Service Group's interest expense for the three months ended in Dec. 2023 was $ -12.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-52.9 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. California Water Service Group's Operating Income for the three months ended in Dec. 2023 was $ 13.9 Mil. California Water Service Group's Interest Expense for the three months ended in Dec. 2023 was $ -12.3 Mil. California Water Service Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.12. 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.

California Water Service Group Interest Expense Historical Data

The historical data trend for California Water Service Group'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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California Water Service Group Interest Expense Chart

California Water Service Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-41.22

-41.86

-43.21

-44.34

-49.82

California Water Service Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-11.99	-12.70	-12.79	-12.34	-15.04

California Water Service Group 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 $-52.9 Mil.

California Water Service Group (NYSE:CWT) 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.

California Water Service Group's Interest Expense for the three months ended in Dec. 2023 was $-12.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $13.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,052.8 Mil.

California Water Service Group'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	*	13.871	/	-12.342
	=	1.12

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

California Water Service Group (California Water Service Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » California Water Service Group (NYSE:CWT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

WT5:Germany

Address

1720 North First Street, San Jose, CA, USA, 95112

Website

https://www.calwatergroup.com

California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.

Executives

Thomas M Krummel	director	C/O CALIFORNIA WATER SERVICE GROUP, 1720 N. FIRST STREET, SAN JOSE CA 95118
Michelle R Mortensen	officer: Corporate Secretary	1720 NORTH FIRST STREET, SAN JOSE CA 95112
Jeffrey Kightlinger	director	1720 NORTH FIRST STREET, SAN JOSE CA 95112
Charles R. Patton	director	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
David B Healey	officer: VP, CEO and Treasurer	C/O CALIFORNIA WATER SERVICE COMPANY, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Robert J Kuta	officer: VP, Engineering	1720 NORTH FIRST STREET, SAN JOSE CA 95112
Shelly Marian Esque	director	1720 NORTH FIRST STREET, SAN JOSE CA 95112
Yvonne Aida Maldonado	director	1720 NORTH FIRST STREET, SAN JOSE CA 95112
Carol M Pottenger	director	1720 NORTH FIRST STREET, SAN JOSE CA 95020
Gregory E Aliff	director	1720 NORTH FIRST STREET, SAN JOSE CA 95112
Peter C Nelson	director	C/O CALIFORNIA WATER SERVICE GROUP, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Lester A Snow	director	C/O CALIFORNIA WATER SERVICE GROUP, 1720 N FIRST STREET, SAN JOSE CA 95112
Patricia K Wagner	director	1720 NORTH FIRST STREET, SAN JOSE CA 95020
Scott L Morris	director	1411 E MISSION AVE, SPOKANE WA 99202
Shawn C Bunting	officer: VP Corporate Council	1720 NORTH FIRST STREET, SAN JOSE CA 95112