Essential Utilities (Essential Utilities) Interest Expense : $-283 Mil (TTM As of Dec. 2023)

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What is Essential Utilities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Essential Utilities's interest expense for the three months ended in Dec. 2023 was $ -73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-283 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. Essential Utilities's Operating Income for the three months ended in Dec. 2023 was $ 174 Mil. Essential Utilities's Interest Expense for the three months ended in Dec. 2023 was $ -73 Mil. Essential Utilities's Interest Coverage for the quarter that ended in Dec. 2023 was 2.39. 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.

Essential Utilities Interest Expense Historical Data

The historical data trend for Essential Utilities'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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Essential Utilities Interest Expense Chart

Essential Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-125.38

-188.44

-207.71

-238.12

-283.36

Essential Utilities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-68.77	-72.67	-69.18	-68.59	-72.92

Essential Utilities 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-283 Mil.

Essential Utilities (NYSE:WTRG) 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.

Essential Utilities's Interest Expense for the three months ended in Dec. 2023 was $-73 Mil. Its Operating Income for the three months ended in Dec. 2023 was $174 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $6,861 Mil.

Essential Utilities's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	173.973	/	-72.922
	=	2.39

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. Essential Utilities Inc interest coverage is 2.44, which is low.

Essential Utilities (Essential Utilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Essential Utilities Inc (NYSE:WTRG) » Definitions » Interest Expense

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Traded in Other Exchanges

A2A:Germany A2A:Germany

Address

762 West Lancaster Avenue, Bryn Mawr, PA, USA, 19010-3489

Website

https://www.essential.co

Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 700,000 gas distribution customers in Pennsylvania and Kentucky. Essential exited its noncore competitive water and energy services businesses.

Executives

Roderick K West	director	1600 PERDIDO STREET, BLDG 505, NEW ORLEANS LA 70112
Arnold Colleen	officer: President	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Chris Franklin	officer: Aqua America Southern Oper	762 W.LANCASTER AVE, BRYN MAWR PA 19010
Michael Huwar	officer: President	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Ellen T Ruff	director	762, W LANCASTER AVE, BRYN MAWR PA 19010
Wilbert Bryan Lewis	director	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Robert A Rubin	officer: Chief Accounting Officer	762 W LANCASTER AVE, BRYN MAWR PA 19010
Daniel Schuller	officer: Executive Vice President	40 SACHEM ROAD, GREENWICH CT 06830
David Alan Ciesinski	director	H. J. HEINZ COMPANY, P.O. BOX 57, PITTSBURGH PA 15230
Edwina Kelly	director	510 MADISON AVENUE, 15FL, NEW YORK NY 10022
Richard Scott Fox	officer: Chief Operating Officer	14812 BALLANTYNE COUNTRY CLUB DRIVE, CHARLOTTE NC 28277
Matthew Rhodes	officer: EVP, Strategy & Corp Dev	762 LANCASTER AVE, BRYN MAWR PA 19010
Wendy Franks	director	ONE QUEEN STREET EAST, SUITE 2500, TORONTO A6 M5C 2W5
Hilferty Daniel J Iii	director	C/O FS INVESTMENT CORPORATION III, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Christopher Paul Luning	officer: Sr. VP, General Counsel & Sec	762 W. LANCASTER AVE, BRYN MAWR PA 19010