American Electric Power Co (LTS:0HEC) Interest Expense : $-1,861 Mil (TTM As of Sep. 2024)

View and export this data going back to 2018. Start your Free Trial

What is American Electric Power Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. American Electric Power Co's interest expense for the three months ended in Sep. 2024 was $ -499 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1,861 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. American Electric Power Co's Operating Income for the three months ended in Sep. 2024 was $ 1,352 Mil. American Electric Power Co's Interest Expense for the three months ended in Sep. 2024 was $ -499 Mil. American Electric Power Co's Interest Coverage for the quarter that ended in Sep. 2024 was 2.71. 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.

American Electric Power Co Interest Expense Historical Data

The historical data trend for American Electric 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.

* Premium members only.

American Electric Power Co Interest Expense Chart

American Electric Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-1,072.50

-1,165.70

-1,199.10

-1,396.10

-1,806.90

American Electric Power Co 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															-470.30	-460.90	-435.60	-465.60	-498.80

American Electric 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,861 Mil.

American Electric Power Co (LTS:0HEC) 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.

American Electric Power Co's Interest Expense for the three months ended in Sep. 2024 was $-499 Mil. Its Operating Income for the three months ended in Sep. 2024 was $1,352 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $39,638 Mil.

American Electric Power Co'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	*	1351.5	/	-498.8
	=	2.71

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. American Electric Power Co Inc interest coverage is 2.17, which is low.

American Electric Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » American Electric Power Co Inc (LTS:0HEC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AEP:USA AEP_KZ:Kazakhstan AEP:Germany AEP:Germany AEP:Germany A1EP34:Brazil AEPC:Austria

Address

1 Riverside Plaza, Columbus, OH, USA, 43215-2373

Website

https://www.aep.com

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 42% of AEP's of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (21%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.

American Electric Power Co Headlines

No Headlines