Exelon (Exelon) Interest Coverage

: 2.39 (As of Dec. 2023)

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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. Exelon's Operating Income for the three months ended in Dec. 2023 was $1,082 Mil. Exelon's Interest Expense for the three months ended in Dec. 2023 was $-452 Mil. Exelon's interest coverage for the quarter that ended in Dec. 2023 was 2.39. 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. Exelon Corp interest coverage is 2.32, which is low.

The historical rank and industry rank for Exelon's Interest Coverage or its related term are showing as below:

EXC' s Interest Coverage Range Over the Past 10 Years
Min: 1.71 Med: 2.31 Max: 4.25
Current: 2.32

EXC's Interest Coverage is ranked worse than
73.18% of 440 companies
in the Utilities - Regulated industry
Industry Median: 3.665 vs EXC: 2.32

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Exelon Interest Coverage Historical Data

The historical data trend for Exelon'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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Exelon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

2.69

1.71

2.08

2.29

2.32

Exelon Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																1.85	2.68	1.65	2.57	2.39

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Exelon'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.

Exelon Interest Coverage Distribution

For the Utilities - Regulated industry and Utilities sector, Exelon's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Exelon's Interest Coverage falls into.

Exelon 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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Exelon's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Exelon's Interest Expense was $-1,729 Mil. Its Operating Income was $4,013 Mil. And its Long-Term Debt & Capital Lease Obligation was $40,082 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	4013	/	-1729
	=	2.32

Exelon's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Exelon's Interest Expense was $-452 Mil. Its Operating Income was $1,082 Mil. And its Long-Term Debt & Capital Lease Obligation was $40,082 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1082	/	-452
	=	2.39

The higher the ratio, the stronger the company's Financial Strength is.

Exelon (NAS:EXC) 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 .

Exelon Interest Coverage Related Terms

Thank you for viewing the detailed overview of Exelon's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Exelon (Exelon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Exelon Corp (NAS:EXC) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

EXC:Mexico 1EXC:Italy PEO:Germany PEO:Germany PEO:Germany E1XC34:Brazil

Address

10 South Dearborn Street, 54th Floor, P.O. Box 805379, Chicago, IL, USA, 60680-5379

Website

https://www.exeloncorp.com

Exelon serves approximately 10 million power and gas customers at its six regulated utilities in Illinois, Pennsylvania, Maryland, New Jersey, Delaware, and Washington, D.C.

Executives

Anna Richo	director	AMGEN INC., ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA 91320-1799
Robert A Kleczynski	officer: SVP & Corp Controller	10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Matthew C Rogers	director	10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Charisse R Lillie	director	10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Carim V Khouzami	officer: CEO of BGE	10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Jeanne M Jones	officer: EVP & CFO	10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
John Tyler Anthony	officer: CEO Pepco Holdings LLC	10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Trpik Joseph R Jr	officer: SVP & Corp. Controller	10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
William P Bowers	director	600 NORTH 18TH STREET, BIN 15N-8170, BIRMINGHAM AL 35203
Gayle Littleton	officer: EVP & General Counsel	10 S. DEARBORN ST., 52ND FLOOR SE, CHICAGO IL 60603
Calvin Jr Butler	officer: Sr EVP & CEO Exelon Utilities	10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
James Mchugh	officer: EVP & Chief Commercial Officer	10 S DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Joseph Dominguez	officer: CEO, ComEd	10 SOUTH DEARBORN STREET, CHICAGO IL 60603
Joseph Nigro	officer: Sr. EVP & Chief Fin. Officer	10 S. DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Christopher M. Crane	director, officer: President and CEO	10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603