South Jersey Industries (South Jersey Industries) Interest Expense : $-135 Mil (TTM As of Sep. 2022)

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What is South Jersey Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. South Jersey Industries's interest expense for the three months ended in Sep. 2022 was $ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2022 was $-135 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. South Jersey Industries's Operating Income for the three months ended in Sep. 2022 was $ 11 Mil. South Jersey Industries's Interest Expense for the three months ended in Sep. 2022 was $ -38 Mil. South Jersey Industries's Interest Coverage for the quarter that ended in Sep. 2022 was 0.30. 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.

South Jersey Industries Interest Expense Historical Data

The historical data trend for South Jersey Industries'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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South Jersey Industries Interest Expense Chart

South Jersey Industries Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Interest Expense

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-54.02

-90.30

-114.48

-118.53

-127.13

South Jersey Industries Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Interest Expense	Get a 7-Day Free Trial															-31.47	-33.02	-31.58	-31.56	-38.48

South Jersey Industries 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-135 Mil.

South Jersey Industries (NYSE:SJI) 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.

South Jersey Industries's Interest Expense for the three months ended in Sep. 2022 was $-38 Mil. Its Operating Income for the three months ended in Sep. 2022 was $11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2022 was $3,567 Mil.

South Jersey Industries's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2022 )	/	Interest Expense (Q: Sep. 2022 )
	=	-1	*	11.4	/	-38.478
	=	0.30

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. South Jersey Industries Inc interest coverage is 2.6, which is low.

South Jersey Industries (South Jersey Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » South Jersey Industries Inc (NYSE:SJI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 South Jersey Plaza, Folsom, NJ, USA, 08037

Website

https://www.sjindustries.com

South Jersey Industries Inc is a New Jersey holding company that acquires and develops utility companies. Through its many subsidiaries, SJI is primarily involved in transmitting, distributing, and selling natural gas and electricity in the mid-Atlantic U.S. The company segments its operations into gas utility operations and energy group businesses. The majority of SJI's total revenue comes from its gas utility operations, which encompasses the company's principal subsidiary: South Jersey Gas. SJG purchases, transmit, and sells natural gas primarily for residential consumers in southern New Jersey. The energy group also represents a significant income stream through its wholesale energy and retail electric services.

Executives

G Edison Holland	director	270 PEACHTREE ST NW BIN 910, ATLANTA GA 30303
Kevin M. O'dowd	director	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Eric Moss Stein	officer: SVP, General Counsel	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Leonard Jr Brinson	officer: SVP, Chief Information Officer	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Karen L Phillips	officer: SVP, Human Resources	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Christopher Paladino	director	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sheila Hartnett-devlin	director, Director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Sunita Holzer	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Kathleen D Larkin	officer: SVP & CHRO	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Cielo Hernandez	officer: SVP & CFO	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Ann T Anthony	officer: Treasurer	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Walter M Higgins	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Michael J Renna	officer: Vice President	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Melissa Orsen	officer: SVP & General Counsel	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
Steven R Cocchi	officer: SVP, Strategy & Growth	1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037