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ARTNB (Artesian Resources) Interest Expense : $-8.7 Mil (TTM As of Sep. 2024)


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What is Artesian Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Artesian Resources's interest expense for the three months ended in Sep. 2024 was $ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-8.7 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. Artesian Resources's Operating Income for the three months ended in Sep. 2024 was $ 10.9 Mil. Artesian Resources's Interest Expense for the three months ended in Sep. 2024 was $ -2.2 Mil. Artesian Resources's Interest Coverage for the quarter that ended in Sep. 2024 was 4.99. 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.

Artesian Resources Interest Expense Historical Data

The historical data trend for Artesian Resources'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.

Artesian Resources Interest Expense Chart

Artesian Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.02 -7.62 -7.59 -8.50 -9.16

Artesian Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.20 -2.20 -2.17 -2.18 -2.19

Artesian Resources 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.7 Mil.

* 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.

Artesian Resources  (OTCPK:ARTNB) Interest Expense Explanation

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. The higher, the better.

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

Artesian Resources's Interest Expense for the three months ended in Sep. 2024 was $-2.2 Mil. Its Operating Income for the three months ended in Sep. 2024 was $10.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $177.4 Mil.

Artesian Resources's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*10.945/-2.193
=4.99

* 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.

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

Artesian Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Artesian Resources Corp (OTCPK:ARTNB) » Definitions » Interest Expense
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Traded in Other Exchanges
ARTNA:USA
Address
664 Churchmans Road, Newark, DE, USA, 19702
Website
http://www.artesianwater.com
Artesian Resources Corp operates as a holding company with a focus on water distribution and wastewater services. Its regulated utility segment includes subsidiaries providing water and wastewater services in Delaware, Maryland, and Pennsylvania. Water distribution spans residential, commercial, industrial, and municipal sectors, while wastewater services are offered primarily in Sussex County, Delaware. The company also engages in non-utility businesses, offering service line protection plans, engineering services, and contract operations for water and wastewater systems. The regulated utility segment constitutes the largest portion of the company's operations, subject to regulations by Delaware, Maryland, and Pennsylvania.