What is Eversource Energy Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eversource Energy's interest expense for the
three
months ended in Mar. 2024 was $ -251 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-912 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. Eversource Energy's Operating Income for the
three
months ended in Mar. 2024 was $ 874 Mil. Eversource Energy's Interest Expense for the
three
months ended in Mar. 2024 was $ -251 Mil.
Eversource Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 3.48.
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.
Eversource Energy 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 $-912 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.
Eversource Energy (NYSE:ES) 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.
Eversource Energy's Interest Expense for the
three
months ended in Mar. 2024 was $-251 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $874 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $25,275 Mil.
Eversource Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
* 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. Eversource Energy interest coverage is 2.91, which is low.
Eversource Energy (Eversource Energy) Business Description
Traded in Other Exchanges
Address
300 Cadwell Drive, Springfield, MA, USA, 1104
Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast U.S. The company expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). Eversource is exiting its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. The company exited most of its unregulated businesses in 2006.
Executives
| Van Faasen William C |
other: Trustee |
1499 POST ROAD, FAIRFIELD CT 06824 |
| Gregory B Butler |
officer: Sr. V.P. & Gen. Counsel |
EVERSOURCE ENERGY, 56 PROSPECT STREET, HARTFORD CT 06103 |
| Daniel J Nova |
other: Trustee |
C/O HIGHLAND CAPITAL PARTNERS INC, TWO INTERNATIONAL PLACE, BOSTON MA 02110 |
| Linda Dorcena Forry |
other: Trustee |
C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, SPRINGFIELD MA 01104 |
| Loretta D. Keane |
other: Trustee |
300 CADWELL DRIVE, SPRINGFIELD MA 01104 |
| Penelope M Conner |
officer: EVP-Cust Exp & Energy Strategy |
300 CADWELL DRIVE, SPRINGFIELD MA 01104 |
| Christine M Carmody |
officer: SVP - Human Resources |
800 BOYLSTON STREET, BOSTON MA 02199 |
| Frederica M Williams |
other: Trustee |
C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, SPRINGFIELD MA 01104 |
| John M. Moreira |
officer: EVP, CFO and Treasurer |
300 CADWELL DRIVE, SPRINGFIELD MA 01104 |
| Hunt James W Iii |
officer: EVP-Corp Rel & Sustainability |
300 CADWELL DRIVE, SPRINGFIELD MA 01104 |
| Cleveland Cotton M |
other: Trustee |
EVERSOURCE ENERGY, 300 CADWELL DRIVE, SPRINGFIELD MA 01104 |
| Jay Buth |
officer: VP-Accounting and Controller |
EVERSOURCE ENERGY, 107 SELDEN STREET, BERLIN CT 06037 |
| James S Distasio |
other: Trustee |
C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, BOSTON MA 01104 |
| David H. Long |
other: Trustee |
C/O EVERSOURCE ENERGY, 107 SELDEN STREET - LEGAL DEPT., BERLIN CT 06037 |
| John Y Kim |
other: Trustee |
51 MADISON AVENUE, NEW YORK NY 10010 |
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