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Pinnacle West Capital (LTS:0KIT) Interest Expense : $-369 Mil (TTM As of Sep. 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 Sep. 2024 was $ -98 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-369 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 Sep. 2024 was $ 547 Mil. Pinnacle West Capital's Interest Expense for the three months ended in Sep. 2024 was $ -98 Mil. Pinnacle West Capital's Interest Coverage for the quarter that ended in Sep. 2024 was 5.58. 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.

* Premium members only.

Pinnacle West Capital Interest Expense Chart

Pinnacle West Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -216.72 -228.97 -233.26 -255.54 -331.32

Pinnacle West Capital 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -87.82 -86.59 -86.63 -97.86 -98.02

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-369 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.

Pinnacle West Capital  (LTS:0KIT) 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.

Pinnacle West Capital's Interest Expense for the three months ended in Sep. 2024 was $-98 Mil. Its Operating Income for the three months ended in Sep. 2024 was $547 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $9,573 Mil.

Pinnacle West Capital'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*546.986/-98.024
=5.58

* 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 to be at least 5. Pinnacle West Capital Corp interest coverage is 2.78, which is low.

Pinnacle West Capital Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Pinnacle West Capital Corp (LTS:0KIT) » Definitions » Interest Expense
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Traded in Other Exchanges
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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 US, Palo Verde. Half of the electricity that APS supplies to customers comes from clean energy sources, including nuclear.

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