What is Consumers Energy Co Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Consumers Energy Co's interest expense for the
three
months ended in Mar. 2024 was $ -129.00 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-475.00 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. Consumers Energy Co's Operating Income for the
three
months ended in Mar. 2024 was $ 453.00 Mil. Consumers Energy Co's Interest Expense for the
three
months ended in Mar. 2024 was $ -129.00 Mil.
Consumers Energy Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.51.
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.
Consumers Energy Co 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 $-475.00 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.
Consumers Energy Co (NYSE:CMSpB.PFD) 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.
Consumers Energy Co's Interest Expense for the
three
months ended in Mar. 2024 was $-129.00 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $453.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $11,054.00 Mil.
Consumers Energy Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
* 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.
Warning Sign:
Ben Graham prefers companies interest coverage is at least 5. Consumers Energy Co interest coverage is 4.56, which is low.
Consumers Energy Co (Consumers Energy Co) Business Description
Traded in Other Exchanges
N/A
Address
One Energy Plaza, Jackson, MI, USA, 49201
Consumers Energy Co operates as an electric and gas utility in Michigan. The business activity of the group is functioned through three segments namely Electric Utility, Gas Utility, and Enterprises, its non-utility operations and investments. The Electric Utility segment refers to the generation, purchase, transmission, distribution, and sale of electricity. The Gas Utility segment is comprised of the purchase, transmission, storage, distribution, and sale of natural gas. The group primarily serves residential, commercial, and industrial customers. Geographically, it operates through the region of Michigan, US.
Executives
| Ralph Izzo |
director |
PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194 |
| Tonya L Berry |
officer: Senior Vice President |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| Scott B Mcintosh |
officer: VP, Controller, CAO |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| Leeroy Jr Wells |
officer: Senior Vice President |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| Ronald J Tanski |
director |
NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221 |
| Shaun M Johnson |
officer: SVP and General Counsel |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| Suzanne F. Shank |
director |
C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309 |
| Brandon J. Hofmeister |
officer: Senior Vice President |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| Rejji P Hayes |
officer: EVP/CFO |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| Jean-francois Brossoit |
officer: Senior Vice President |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| Catherine A Hendrian |
officer: Senior Vice President |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| Dhenuvakonda Rao Venkat |
officer: Senior Vice President |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| Brian F Rich |
officer: SVP and CIO |
ONE ENERGY PLAZA, JACKSON MI 49201 |
| John G Sznewajs |
director |
17450 COLLEGE PARKWAY, LIVONIA MI 48152 |
| Garrick J Rochow |
officer: Vice President |
ONE ENERGY PLAZA, JACKSON MI 49201 |
Consumers Energy Co (Consumers Energy Co) Headlines
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