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SCANA (SCG) Interest Coverage : 1.85 (As of Sep. 2018)


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What is SCANA Interest Coverage?

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. SCANA's Operating Income for the three months ended in Sep. 2018 was $183 Mil. SCANA's Interest Expense for the three months ended in Sep. 2018 was $-99 Mil. SCANA's interest coverage for the quarter that ended in Sep. 2018 was 1.85. The higher the ratio, the stronger the company's financial strength is.

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


SCG's Interest Coverage is not ranked *
in the Utilities - Regulated industry.
Industry Median: 3.76
* Ranked among companies with meaningful Interest Coverage only.

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


SCANA Interest Coverage Historical Data

The historical data trend for SCANA'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.

SCANA Interest Coverage Chart

SCANA Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.06 3.23 3.38 3.37 3.29

SCANA Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Interest Coverage 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 3.49 3.13 2.03 1.12 1.85

Competitive Comparison of SCANA's Interest Coverage

For the Utilities - Regulated Electric subindustry, SCANA'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.


SCANA's Interest Coverage Distribution in the Utilities - Regulated Industry

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

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



SCANA 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.

SCANA's Interest Coverage for the fiscal year that ended in Dec. 2017 is calculated as

Here, for the fiscal year that ended in Dec. 2017, SCANA's Interest Expense was $-363 Mil. Its Operating Income was $1,194 Mil. And its Long-Term Debt & Capital Lease Obligation was $5,906 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2017 )/Interest Expense (A: Dec. 2017 )
=-1*1194/-363
=3.29

SCANA's Interest Coverage for the quarter that ended in Sep. 2018 is calculated as

Here, for the three months ended in Sep. 2018, SCANA's Interest Expense was $-99 Mil. Its Operating Income was $183 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,735 Mil.

Interest Coverage=-1* Operating Income (Q: Sep. 2018 )/Interest Expense (Q: Sep. 2018 )
=-1*183/-99
=1.85

* 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.


SCANA  (NYSE:SCG) 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 .


SCANA Interest Coverage Related Terms

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


SCANA (SCG) Business Description

Traded in Other Exchanges
N/A
Address
Scana is a holding company engaged primarily in generating, transmitting, and distributing electricity in South Carolina. It also distributes and sells natural gas in portions of North Carolina and South Carolina. Its two utilities serve more than 1 million customers. Through a wholly owned subsidiary, Scana markets natural gas to approximately 450,000 retail customers in Georgia.
Executives
James A Bennett director FIRST CITIZENS BANK, 1230 MAIN STREET, 9TH FLOOR, COLUMBIA SC 20201
D Maybank Hagood director WILLIAM M. BIRD AND CO., INC., P.O. BOX 20040, CHARLESTON SC 29413
John E. Bachman director 77 EXETER STREET, 1809, BOSTON MA 02116
James W Roquemore director C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Sharon A Decker director 4100 COCA COLA PLAZA, CHARLOTTE NC 28211
Gregory E Aliff director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Alfredo Trujillo director
James M Micali director C/O SONOCO PRODUCTS COMPANY, 1 NORTH SECOND STREET, HARTSVILLE SC 29550
Sharon K Jenkins officer: Senior VP - Marketing

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