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
by its Interest Expense. Public Service Enterprise Group's
Operating Income
for the
three
months ended in Mar. 2022 was $-36 Mil. Public Service Enterprise Group's Interest Expense for the
three
months ended in Mar. 2022 was $-137 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Public Service Enterprise Group's Interest Coverage or its related term are showing as below:
PEG'
s Interest Coverage Range Over the Past 10 Years
Min: 2.01 Med: 4.66 Max: 7.54
Current: 2.01
PEG's Interest Coverage is ranked worse than 81.25% of 448
companies
in the Utilities - Regulated industry
Industry Median: 4.22
vs PEG: 2.01
Public Service Enterprise Group Interest Coverage Historical Data
The historical data trend for Public Service Enterprise Group's Interest Coverage 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.
Public Service Enterprise Group Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Interest Coverage
3.65
4.71
4.60
4.12
3.52
Public Service Enterprise Group Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Interest Coverage
4.97
1.25
-
7.64
-
Competitive Comparison
For the Utilities - Regulated Electric subindustry, Public Service Enterprise Group's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Public Service Enterprise Group Interest Coverage Distribution
For the Utilities - Regulated industry and Utilities sector, Public Service Enterprise Group's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Public Service Enterprise Group's Interest Coverage falls into.
Public Service Enterprise Group Interest Coverage Calculation
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:
Public Service Enterprise Group did not have earnings to cover the interest expense.
* 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.
Public Service Enterprise Group (NYSE:PEG) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Public Service Enterprise Group Interest Coverage Related Terms
Thank you for viewing the detailed overview of Public Service Enterprise Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Public Service Enterprise Group Business Description
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy infrastructure. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. PSEG also operates the Long Island Power Authority system. In 2022, PSEG sold its gas and oil power plants in the Mid-Atlantic, New York, and the Northeast.
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