The Connecticut Light & Power Co (The Connecticut Light & Power Co) Interest Expense : $-151.36 Mil (TTM As of Dec. 2019)

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What is The Connecticut Light & Power Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Connecticut Light & Power Co's interest expense for the three months ended in Dec. 2019 was $ -39.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2019 was $-151.36 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. The Connecticut Light & Power Co's Operating Income for the three months ended in Dec. 2019 was $ 152.76 Mil. The Connecticut Light & Power Co's Interest Expense for the three months ended in Dec. 2019 was $ -39.08 Mil. The Connecticut Light & Power Co's Interest Coverage for the quarter that ended in Dec. 2019 was 3.91. 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.

The Connecticut Light & Power Co Interest Expense Historical Data

The historical data trend for The Connecticut Light & Power Co'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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The Connecticut Light & Power Co Interest Expense Chart

The Connecticut Light & Power Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-145.80

-144.11

-142.97

-151.73

-151.36

The Connecticut Light & Power Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Interest Expense	Get a 7-Day Free Trial															-38.62	-35.78	-36.97	-39.52	-39.08

The Connecticut Light & Power 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 Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-151.36 Mil.

The Connecticut Light & Power Co (OTCPK:CNPWP.PFD) 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.

The Connecticut Light & Power Co's Interest Expense for the three months ended in Dec. 2019 was $-39.08 Mil. Its Operating Income for the three months ended in Dec. 2019 was $152.76 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2019 was $3,518.14 Mil.

The Connecticut Light & Power Co's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2019 )	/	Interest Expense (Q: Dec. 2019 )
	=	-1	*	152.758	/	-39.083
	=	3.91

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

The Connecticut Light & Power Co (The Connecticut Light & Power Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » The Connecticut Light & Power Co (OTCPK:CNPWP.PFD) » Definitions » Interest Expense

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Address

107 Selden Street, Berlin, CT, USA, 06037-1616

Website

https://www.eversource.com

The Connecticut Light & Power Co is a regulated electric utility that serves residential, commercial and industrial customers in parts of Connecticut. Its business consists of purchase, delivery, and sale of electricity to customers.

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