Global Water Resources (Global Water Resources) Interest Expense : $-5.28 Mil (TTM As of Mar. 2024)

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What is Global Water Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Global Water Resources's interest expense for the three months ended in Mar. 2024 was $ -1.57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.28 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. Global Water Resources's Operating Income for the three months ended in Mar. 2024 was $ 1.27 Mil. Global Water Resources's Interest Expense for the three months ended in Mar. 2024 was $ -1.57 Mil. Global Water Resources's Interest Coverage for the quarter that ended in Mar. 2024 was 0.81. 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.

Global Water Resources Interest Expense Historical Data

The historical data trend for Global Water Resources'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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Global Water Resources Interest Expense Chart

Global Water Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.39

-5.38

-5.20

-4.76

-4.88

Global Water Resources 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															-1.17	-1.28	-1.26	-1.17	-1.57

Global Water Resources 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 $-5.28 Mil.

Global Water Resources (NAS:GWRS) 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.

Global Water Resources's Interest Expense for the three months ended in Mar. 2024 was $-1.57 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $122.26 Mil.

Global Water Resources'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	*	1.267	/	-1.566
	=	0.81

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. Global Water Resources Inc interest coverage is 1.85, which is low.

Global Water Resources (Global Water Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Global Water Resources Inc (NAS:GWRS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

21410 N. 19th Avenue, Suite 220, Phoenix, AZ, USA, 85027

Website

https://www.gwresources.com

Global Water Resources Inc operates as a water resource management company that owns, operates, and manages water, wastewater, and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. It operate within the State of Arizona.

Executives

Andrew M. Cohn	director	C/O GARY GOTTO, KELLER ROHRBACK LLP, 3101 NORTH CENTRAL AVENUE, #1400, PHOENIX AZ 85012
Suzanne Michelle Kitts	officer: Vice President and Controller	C/O GLOBAL WATER RESOURCES, INC., 21410 N 19TH AVE, SUITE 220, PHOENIX AZ 85027
William S Levine	director, 10 percent owner	GLOBAL WATER RESOURCES, INC., 21410 N 19TH AVENUE #220, PHOENIX AZ 85027
Jonathan L Levine	director	21410 N. 19TH AVENUE, SUITE 220, PHOENIX AZ 85027
Debra Coy	director	2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806
Christopher D Krygier	officer: Chief Strategy Officer	C/O GLOBAL WATER RESOURCES, INC., 21410 N. 19TH AVE, SUITE 220, PHOENIX AZ 85027
Brett Huckelbridge	director	C/O GLOBAL WATER RESOURCES, INC., 21410 N 19TH AVENUE, SUITE 220, PHOENIX AZ 85027
John Carroll Lenderking	officer: VP, Water Resources	C/O GLOBAL WATER RESOURCES, INC., 21410 N 19TH AVENUE, SUITE 220, PHOENIX AZ 85027
Heather M Krupa	officer: Vice President and Controller	C/O GLOBAL WATER RESOURCES, INC.,, 21410 N. 19TH AVENUE, SUITE 220, PHOENIX AZ 85027
Cindy M Bowers	director	21410 N 19TH AVENUE #220, PHOENIX AZ 85027
David Rousseau	director	C/O GLOBAL WATER RESOURCES, 21410 N 19TH AVENUE, SUITE 220, PHOENIX AZ 85027
Jason Thuneman	officer: Vice President	C/O GLOBAL WATER RESOURCES, INC., 21410 N 19TH AVENUE, SUITE 220, PHOENIX AZ 85027
Trevor T Hill	director, 10 percent owner	21410 N 19TH AVENUE #220, PHOENIX AZ 85027
Michael J Liebman	officer: See Remarks	C/O GLOBAL WATER RESOURCES, INC., 21410 N 19TH AVENUE, SUITE 220, PHOENIX AZ 85027
Jonathan C. Corwin	officer: Vice President	C/O GLOBAL WATER RESOURCES, INC., 21410 N 19TH AVENUE, SUITE 220, PHOENIX AZ 85027