Otter Tail (Otter Tail) Interest Expense : $-38 Mil (TTM As of Mar. 2024)

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What is Otter Tail Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Otter Tail's interest expense for the three months ended in Mar. 2024 was $ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-38 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. Otter Tail's Operating Income for the three months ended in Mar. 2024 was $ 97 Mil. Otter Tail's Interest Expense for the three months ended in Mar. 2024 was $ -10 Mil. Otter Tail's Interest Coverage for the quarter that ended in Mar. 2024 was 9.89. 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.

Otter Tail Interest Expense Historical Data

The historical data trend for Otter Tail'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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Otter Tail Interest Expense Chart

Otter Tail Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-31.41

-34.45

-37.77

-36.02

-37.68

Otter Tail 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															-9.42	-9.70	-9.18	-9.39	-9.85

Otter Tail 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 $-38 Mil.

Otter Tail (NAS:OTTR) 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.

Otter Tail's Interest Expense for the three months ended in Mar. 2024 was $-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was $97 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $944 Mil.

Otter Tail'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	*	97.417	/	-9.85
	=	9.89

The higher the ratio, the stronger the company's financial strength is.

Otter Tail (Otter Tail) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Otter Tail Corp (NAS:OTTR) » Definitions » Interest Expense

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OT4:Germany

Address

215 South Cascade Street, P.O. Box 496, Fergus Falls, MN, USA, 56538-0496

Website

https://www.ottertail.com

Otter Tail Corp is a U.S. energy company that primarily operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company primarily conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.

Executives

John D Erickson	director, officer: President & CEO	215 S CASCADE ST, FERGUS FALLS MN 56537
Mary E Ludford	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Jeanne H Crain	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Michael E Lebeau	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Timothy J O'keefe	director	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
John S Abbott	officer: Pres Varistar, Sr VP, M/I Plat	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Paul L Knutson	officer: VP of Human Resources	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Kevin G Moug	officer: CFO & Treasurer	215 S CASCADE ST, FERGUS FALLS MN 56537
Thomas J Webb	director	ONE ENERGY PLAZA, JACKSON MI 49201
Jennifer O. Smestad	officer: VP, Gen Coun & Corp Sec	215 S. CASCADE STREET, FERGUS FALLS MN 56537
George A Koeck	officer: Corp Secretary & Gen Counsel	215 S CASCADE ST, FERGUS FALLS MN 56537
Timothy J Rogelstad	officer: Sr VP, Elect Plat; Pres OTP	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Steven L Fritze	director	370 WBASHA ST NORTH, ST PAUL MN 55102
Arvid R Liebe	director	215 S CASCADE ST, FERGUS FALLS MN 56537
Kathryn O Johnson	director	215 S CASCADE STREET, FERGUS FALLS MN 56537-2801