WEC Energy Group (WEC Energy Group) Interest Expense : $-727 Mil (TTM As of Dec. 2023)

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What is WEC Energy Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WEC Energy Group's interest expense for the three months ended in Dec. 2023 was $ -194 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-727 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. WEC Energy Group's Operating Income for the three months ended in Dec. 2023 was $ 520 Mil. WEC Energy Group's Interest Expense for the three months ended in Dec. 2023 was $ -194 Mil. WEC Energy Group's Interest Coverage for the quarter that ended in Dec. 2023 was 2.69. 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.

WEC Energy Group Interest Expense Historical Data

The historical data trend for WEC Energy 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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WEC Energy Group Interest Expense Chart

WEC Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-501.50

-493.70

-471.10

-515.10

-726.90

WEC Energy 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	Get a 7-Day Free Trial															-150.20	-172.20	-178.70	-182.50	-193.50

WEC Energy 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 $-727 Mil.

WEC Energy Group (NYSE:WEC) 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.

WEC Energy Group's Interest Expense for the three months ended in Dec. 2023 was $-194 Mil. Its Operating Income for the three months ended in Dec. 2023 was $520 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $15,513 Mil.

WEC Energy 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	*	520.3	/	-193.5
	=	2.69

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. WEC Energy Group Inc interest coverage is 2.87, which is low.

WEC Energy Group (WEC Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » WEC Energy Group Inc (NYSE:WEC) » Definitions » Interest Expense

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Traded in Other Exchanges

WIC:Germany WIC:Germany W1EC34:Brazil

Address

231 West Michigan Street, P.O. Box 1331, Milwaukee, WI, USA, 53201

Website

https://www.wecenergygroup.com

WEC Energy Group's electric and gas utility businesses serve electric and gas customers in Illinois, Michigan, Minnesota, and Wisconsin service territories. The company also owns a 60% stake in American Transmission Co. WEC's asset mix is approximately 49% electric generation and distribution, 36% gas distribution, 10% electric transmission, and 5% unregulated renewable energy.

Executives

Ulice Jr Payne	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Ave M Bie	director	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Scott J Lauber	officer: Vice President and Treasurer	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Joshua M Erickson	officer: VP and Deputy General Counsel	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Glen E Tellock	director	1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
William Mastoris	officer: EVP-Cust. Svc. and Operations	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Robert M Garvin	officer: Senior Vice President	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Molly A Mulroy	officer: EVP & Chief Admin Officer	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Anthony Reese	officer: Vice President and Treasurer	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Tom Metcalfe	officer: Exec. VP - Generation	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Thomas K Lane	director	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Cristina A Garcia-thomas	director	231 WEST MICHIGAN STREET, MILWAUKEE WI 53203
Charles R Matthews	officer: President & CEO - PGL/NSG	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Xia Liu	officer: EVP and CFO	ONE ENERGY PLACE, PENSACOLA FL 32520
Gale E Klappa	director, officer: President	231 W. MICHIGAN STREET, MILWAUKEE WI 53203