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Connecticut Water Service (Connecticut Water Service) Interest Expense : $-12.03 Mil (TTM As of Jun. 2019)


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What is Connecticut Water Service Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Connecticut Water Service's interest expense for the three months ended in Jun. 2019 was $ -3.25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2019 was $-12.03 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. Connecticut Water Service's Operating Income for the three months ended in Jun. 2019 was $ 10.40 Mil. Connecticut Water Service's Interest Expense for the three months ended in Jun. 2019 was $ -3.25 Mil. Connecticut Water Service's Interest Coverage for the quarter that ended in Jun. 2019 was 3.20. 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.


Connecticut Water Service Interest Expense Historical Data

The historical data trend for Connecticut Water Service'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.

Connecticut Water Service Interest Expense Chart

Connecticut Water Service Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.02 -7.09 -7.71 -9.05 -10.92

Connecticut Water Service Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 -2.72 -2.68 -2.96 -3.14 -3.25

Connecticut Water Service 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 Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.03 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.


Connecticut Water Service  (OTCPK:CTWSP.PFD) 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.

Connecticut Water Service's Interest Expense for the three months ended in Jun. 2019 was $-3.25 Mil. Its Operating Income for the three months ended in Jun. 2019 was $10.40 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2019 was $256.92 Mil.

Connecticut Water Service's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2019 )/Interest Expense (Q: Jun. 2019 )
=-1*10.398/-3.247
=3.20

* 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.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Connecticut Water Service Inc interest coverage is 3.01, which is low.


Connecticut Water Service (Connecticut Water Service) Business Description

Traded in Other Exchanges
N/A
Address
93 West Main Street, Clinton, CT, USA, 06413
Connecticut Water Service Inc is a water utility that operates in the northeastern region of the United States, specifically Connecticut and Maine. The company has various subsidiaries and divisions, including water operations, which supplies public drinking water; real estate transactions, which sells real estate holdings; and service rentals, which sells contracted water and wastewater services. The major customers of the firm are residential, commercial, fire protection, public authority, and industrial entities. The majority of the company's revenue is derived from its water operations segment and residential customers.