Pinnacle West Capital (LTS:0KIT) Interest Expense : $-343 Mil (TTM As of Mar. 2024)

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What is Pinnacle West Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pinnacle West Capital's interest expense for the three months ended in Mar. 2024 was $ -87 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-343 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. Pinnacle West Capital's Operating Income for the three months ended in Mar. 2024 was $ 78 Mil. Pinnacle West Capital's Interest Expense for the three months ended in Mar. 2024 was $ -87 Mil. Pinnacle West Capital's Interest Coverage for the quarter that ended in Mar. 2024 was 0.90. 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.

Pinnacle West Capital Interest Expense Historical Data

The historical data trend for Pinnacle West Capital'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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Pinnacle West Capital Interest Expense Chart

Pinnacle West Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-216.72

-228.97

-233.26

-255.54

-331.32

Pinnacle West Capital 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															-75.40	-81.52	-87.82	-86.59	-86.63

Pinnacle West Capital 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 $-343 Mil.

Pinnacle West Capital (LTS:0KIT) 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.

Pinnacle West Capital's Interest Expense for the three months ended in Mar. 2024 was $-87 Mil. Its Operating Income for the three months ended in Mar. 2024 was $78 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $8,767 Mil.

Pinnacle West Capital'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	*	78.36	/	-86.633
	=	0.90

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. Pinnacle West Capital Corp interest coverage is 2.49, which is low.

Pinnacle West Capital (LTS:0KIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pinnacle West Capital Corp (LTS:0KIT) » Definitions » Interest Expense

Comparable Companies

OGE EVRG IDA POR LNT PNM MGEE AGR HE GNE NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

PNW:USA PWC:Germany

Address

400 North Fifth Street, P.O. Box 53999, Phoenix, AZ, USA, 85072-3999

Website

https://www.pinnaclewest.com

Pinnacle West is a holding company whose principal subsidiary is Arizona Public Service, a vertically integrated electric utility that serves 1.4 million customers across a 35,000-square-mile territory in central Arizona, including Phoenix. APS owns or leases more than 6 gigawatts of power generation capacity, including a 29% ownership stake in the largest nuclear plant in the U.S., Palo Verde. About half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

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