Essential Utilities (Essential Utilities) Interest Expense : $-283.97 Mil (TTM As of Mar. 2024)

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What is Essential Utilities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Essential Utilities's interest expense for the three months ended in Mar. 2024 was $ -73.27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-283.97 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. Essential Utilities's Operating Income for the three months ended in Mar. 2024 was $ 230.67 Mil. Essential Utilities's Interest Expense for the three months ended in Mar. 2024 was $ -73.27 Mil. Essential Utilities's Interest Coverage for the quarter that ended in Mar. 2024 was 3.15. 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.

Essential Utilities Interest Expense Historical Data

The historical data trend for Essential Utilities'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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Essential Utilities Interest Expense Chart

Essential Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-125.38

-188.44

-207.71

-238.12

-283.36

Essential Utilities 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															-72.67	-69.18	-68.59	-72.92	-73.27

Essential Utilities 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-283.97 Mil.

Essential Utilities (NYSE:WTRU) 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.

Essential Utilities's Interest Expense for the three months ended in Mar. 2024 was $-73.27 Mil. Its Operating Income for the three months ended in Mar. 2024 was $230.67 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $6,888.54 Mil.

Essential Utilities's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	230.666	/	-73.273
	=	3.15

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. Essential Utilities Inc interest coverage is 2.46, which is low.

Essential Utilities (Essential Utilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Essential Utilities Inc (NYSE:WTRU) » Definitions » Interest Expense

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WTRG:USA A2A:Germany A2A:Germany

Address

762 West Lancaster Avenue, Bryn Mawr, PA, USA, 19010-3489

Website

https://www.essential.co

Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 700,000 gas distribution customers in Pennsylvania and Kentucky. Essential exited its noncore competitive water and energy services businesses.