Southern Co (LTS:0L8A) Interest Expense : $-2,529 Mil (TTM As of Mar. 2024)

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What is Southern Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Southern Co's interest expense for the three months ended in Mar. 2024 was $ -665 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2,529 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. Southern Co's Operating Income for the three months ended in Mar. 2024 was $ 1,703 Mil. Southern Co's Interest Expense for the three months ended in Mar. 2024 was $ -665 Mil. Southern Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.56. 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.

Southern Co Interest Expense Historical Data

The historical data trend for Southern 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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Southern Co Interest Expense Chart

Southern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,736.00

-1,821.00

-1,837.00

-2,022.00

-2,446.00

Southern Co 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															-582.00	-610.00	-620.00	-634.00	-665.00

Southern 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,529 Mil.

Southern Co (LTS:0L8A) 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.

Southern Co's Interest Expense for the three months ended in Mar. 2024 was $-665 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1,703 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $60,653 Mil.

Southern Co'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	*	1703	/	-665
	=	2.56

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. Southern Co interest coverage is 2.5, which is low.

Southern Co (LTS:0L8A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Southern Co (LTS:0L8A) » Definitions » Interest Expense

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SO:USA SOT:Germany T1SO34:Brazil

Address

30 Ivan Allen Jr. Boulevard, Northwest, Atlanta, GA, USA, 30308

Website

https://www.southerncompany.com

Southern is one of the largest utilities in the U.S. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 50 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the U.S. and sells the electricity primarily under long-term contracts.

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