Public Service Enterprise Group (Public Service Enterprise Group) Interest Expense

: $-688 Mil (TTM As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Public Service Enterprise Group's interest expense for the three months ended in Dec. 2023 was $ -138 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-688 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. Public Service Enterprise Group's Operating Income for the three months ended in Dec. 2023 was $ 481 Mil. Public Service Enterprise Group's Interest Expense for the three months ended in Dec. 2023 was $ -138 Mil. Public Service Enterprise Group's Interest Coverage for the quarter that ended in Dec. 2023 was 3.49. 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.

Public Service Enterprise Group Interest Expense Historical Data

The historical data trend for Public Service Enterprise 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.

* Premium members only.

Public Service Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-510.00

-513.00

-500.00

-563.00

-688.00

Public Service Enterprise Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-113.00	-180.00	-185.00	-185.00	-138.00

Public Service Enterprise 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 $-688 Mil.

Public Service Enterprise Group (NYSE:PEG) 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.

Public Service Enterprise Group's Interest Expense for the three months ended in Dec. 2023 was $-138 Mil. Its Operating Income for the three months ended in Dec. 2023 was $481 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $17,957 Mil.

Public Service Enterprise 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	*	481	/	-138
	=	3.49

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

Public Service Enterprise Group (Public Service Enterprise Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Public Service Enterprise Group Inc (NYSE:PEG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PSE:Germany PSE:Germany P1EG34:Brazil

Address

80 Park Plaza, Newark, NJ, USA, 07102

Website

https://investor.pseg.com

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.2 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.

Executives

Rose M Chernick	officer: Vice President and Controller	80 PARK PLAZA, T4B, NEWARK NJ 07102
Ralph A Larossa	officer: President & COO - PSE&G	PSEG, 80 PARK PLAZA, NEWARK NJ 07102
Kenneth Tanji	director	751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102
Eric Carr	officer: President & COO - PSEG Power	PO BOX 236, HANCOCKS BRIDGE NJ 08038
Sheila J Rostiac	officer: SVP HR & CHRO & CDO	80 PARK PLAZA, NEWARK NJ 07102
Richard T Thigpen	officer: SVP Corporate Citizenship	80 PARK AVENUE, NEWARK NJ 07102
Ralph Izzo	officer: President and COO - PSE&G	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Jamie M Gentoso	director	80 PARK PLAZA, NEWARK NJ 07102
Valerie Ann Smith	director	80 PARK PLAZA, NEWARK NJ 07102
Kim C Hanemann	officer: President and COO - PSE&G	1500 RONSON ROAD, ISELIN NJ 08830
Tamara Louise Linde	officer: EVP & General Counsel	80 PARK PLAZA, T4, NEWARK NJ 07102
Daniel J Cregg	officer: Executive VP & CFO	80 PARK PLAZA, T4, NEWARK NJ 07102
Scott G Stephenson	director	C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310-1686
John P Surma	director
Derek M Dirisio	officer: Vice President and Controller	PSEG, 80 PARK PLAZA, NEWARK NJ 07102