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El Paso Electric Co (El Paso Electric Co) Interest Expense : $-85.7 Mil (TTM As of Mar. 2020)


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What is El Paso Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. El Paso Electric Co's interest expense for the three months ended in Mar. 2020 was $ -21.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2020 was $-85.7 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. El Paso Electric Co's Operating Income for the three months ended in Mar. 2020 was $ 1.7 Mil. El Paso Electric Co's Interest Expense for the three months ended in Mar. 2020 was $ -21.0 Mil. El Paso Electric Co's Interest Coverage for the quarter that ended in Mar. 2020 was 0.08. 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.


El Paso Electric Co Interest Expense Historical Data

The historical data trend for El Paso Electric Co'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.

* Premium members only.

El Paso Electric Co Interest Expense Chart

El Paso Electric Co Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -55.26 -79.08 -83.14 -84.22 -86.41

El Paso Electric Co Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.72 -21.55 -21.67 -21.47 -21.03

El Paso Electric Co 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-85.7 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.


El Paso Electric Co  (NYSE:EE) 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.

El Paso Electric Co's Interest Expense for the three months ended in Mar. 2020 was $-21.0 Mil. Its Operating Income for the three months ended in Mar. 2020 was $1.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2020 was $1,341.1 Mil.

El Paso Electric Co's Interest Coverage for the quarter that ended in Mar. 2020 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2020 )/Interest Expense (Q: Mar. 2020 )
=-1*1.698/-21.027
=0.08

* 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.


El Paso Electric Co (El Paso Electric Co) Business Description

Traded in Other Exchanges
N/A
Address
100 North Stanton, Stanton Tower, El Paso, TX, USA, 79901
El Paso Electric Co is a Texas-based public utility company engaged in the generation, transmission, and distribution of electricity in the Southwestern U.S. The company principally serves retail customers in the El Paso, Texas and Las Cruces, New Mexico markets through its portfolio of nuclear, natural gas, coal, solar, and wind power plants. The vast majority of the total power produced by El Paso Electric is derived from its nuclear and natural gas facilities. The company generates most of its revenue from the production and sale of energy. Distribution service fees also represent a significant income stream. El Paso Electric primarily serves residential and small industrial customers, but also participates in wholesale transactions with local military installations and universities.
Executives
James W Cicconi director 208 S. AKARD ST., DALLAS TX 75202
Charles Yamarone director 123 W MILLS, EL PASO TX 79901
Eric B Siegel director 123 W MILLS, EL PASO TX 79901
Stephen Wertheimer director 123 W MILLS, EL PASO TX 79901
Paul M Barbas director C/O DPL INC., 1065 WOODMAN DRIVE, DAYTON OH 45432
Catherine A Allen director 5 SAN SEBASTIAN ROAD, SANTA FE NM 87505
William Stiller officer: SVP & Chief HRO 1601 W. LBJ FREEWAY, DALLAS TX 75234
Woody L Hunt director 4401 NORTH MESA, EL PASO TX 79902
Shockley Thomas V Iii director 602 CIMARRON HILLS TRAIL WEST, GEORGETOWN TX 78628
Michael K Parks director 123 W MILLS, EL PASO TX 79901
Steven P Busser officer: VP-TREASURER C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Kenneth Heitz director 123 W MILLS, EL PASO TX 79901
Edwards George W Jr director 123 W MILLS, EL PASO TX 79901
Redd Ershel C Jr officer: President and CEO C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901
Terry D Bassham officer: Exec VP & Chief Fin & Admin COMMERCE BANK, PO BOX 419248, KANSAS CITY MO 64141-6248

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