Baltimore Gas & Electric Co (Baltimore Gas & Electric Co) Interest Coverage : 14.75 (As of Jun. 2016)

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What is Baltimore Gas & Electric Co Interest Coverage?

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 by its Interest Expense. Baltimore Gas & Electric Co's Operating Income for the three months ended in Jun. 2016 was $59.00 Mil. Baltimore Gas & Electric Co's Interest Expense for the three months ended in Jun. 2016 was $-4.00 Mil. Baltimore Gas & Electric Co's interest coverage for the quarter that ended in Jun. 2016 was 14.75. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Baltimore Gas & Electric Co's Interest Coverage or its related term are showing as below:

BGLEP.PFD' s Interest Coverage Range Over the Past 10 Years
Min: -1 Med: 1.6 Max: 5
Current: 0.9

BGLEP.PFD's Interest Coverage is not ranked
in the Utilities - Regulated industry.
Industry Median: 3.87 vs BGLEP.PFD: 0.90

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Baltimore Gas & Electric Co Interest Coverage Historical Data

The historical data trend for Baltimore Gas & Electric Co's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Baltimore Gas & Electric Co Interest Coverage Chart

Baltimore Gas & Electric Co Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Interest Coverage

Get a 7-Day Free Trial

2.43

5.24

3.68

4.14

5.64

Baltimore Gas & Electric Co Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Interest Coverage	Get a 7-Day Free Trial															24.75	4.40	5.58	46.75	14.75

Competitive Comparison of Baltimore Gas & Electric Co's Interest Coverage

For the Utilities - Regulated Electric subindustry, Baltimore Gas & Electric Co's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Baltimore Gas & Electric Co's Interest Coverage Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Baltimore Gas & Electric Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Baltimore Gas & Electric Co's Interest Coverage falls into.

Baltimore Gas & Electric Co Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Baltimore Gas & Electric Co's Interest Coverage for the fiscal year that ended in Dec. 2015 is calculated as

Here, for the fiscal year that ended in Dec. 2015, Baltimore Gas & Electric Co's Interest Expense was $-99.00 Mil. Its Operating Income was $558.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,732.00 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2015 )	/	Interest Expense (A: Dec. 2015 )
	=	-1	*	558	/	-99
	=	5.64

Baltimore Gas & Electric Co's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as

Here, for the three months ended in Jun. 2016, Baltimore Gas & Electric Co's Interest Expense was $-4.00 Mil. Its Operating Income was $59.00 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,692.00 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2016 )	/	Interest Expense (Q: Jun. 2016 )
	=	-1	*	59	/	-4
	=	14.75

The higher the ratio, the stronger the company's Financial Strength is.

Baltimore Gas & Electric Co (OTCPK:BGLEP.PFD) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Baltimore Gas & Electric Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Baltimore Gas & Electric Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Baltimore Gas & Electric Co (Baltimore Gas & Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Baltimore Gas & Electric Co (OTCPK:BGLEP.PFD) » Definitions » Interest Coverage

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Address

Website

Baltimore Gas and Electric Company is a Maryland Corporation. It is an electric transmission and distribution utility company and a gas distribution utility company with a service territory that covers the City of Baltimore and all or part of ten counties in central Maryland. It is regulated by the Maryland PSC and Federal Energy Regulatory Commission (FERC) with respect to rates and other aspects of its business. The Company's electric service territory includes an area of approximately 2,300 square miles. There are no municipal or cooperative wholesale customers within BGE's service territory. The Company's gas service territory includes an area of approximately 800 square miles. The Company's electric and gas revenues come from many customers -residential, commercial, and industrial.

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