Southwest Gas Holdings (FRA:SZR) Interest Expense : €-265 Mil (TTM As of Mar. 2024)

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What is Southwest Gas Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Southwest Gas Holdings's interest expense for the three months ended in Mar. 2024 was € -66 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-265 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. Southwest Gas Holdings's Operating Income for the three months ended in Mar. 2024 was € 145 Mil. Southwest Gas Holdings's Interest Expense for the three months ended in Mar. 2024 was € -66 Mil. Southwest Gas Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 2.21. 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.

Southwest Gas Holdings Interest Expense Historical Data

The historical data trend for Southwest Gas Holdings'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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Southwest Gas Holdings Interest Expense Chart

Southwest Gas Holdings Annual Data

Trend

Dec14

Dec15

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Dec19

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Dec23

Interest Expense

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-98.30

-91.63

-105.49

-229.16

-268.03

Southwest Gas Holdings 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															-72.23	-64.01	-67.46	-67.50	-65.88

Southwest Gas Holdings 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 €-265 Mil.

Southwest Gas Holdings (FRA:SZR) 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.

Southwest Gas Holdings's Interest Expense for the three months ended in Mar. 2024 was €-66 Mil. Its Operating Income for the three months ended in Mar. 2024 was €145 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €4,277 Mil.

Southwest Gas Holdings'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	*	145.465	/	-65.877
	=	2.21

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

Southwest Gas Holdings (FRA:SZR) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Southwest Gas Holdings Inc (FRA:SZR) » Definitions » Interest Expense

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SWX:USA

Address

8360 South Durango Drive, Post Office Box 98510, Las Vegas, NV, USA, 89193-8510

Website

https://www.swgasholdings.com

Southwest Gas Holdings Inc is a utility company primarily engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas operations and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as one of the largest distributors in the states of Arizona and Nevada. The natural gas operations division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.

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