Debt Coverage Liquidity Profile

Email pagePDF viewPrint viewRSS News FeedsEmail AlertMobile IR Site
 2015 Y 2016 Y 2017 Y 2017Q1
Period Ended12/31/201512/31/20163/31/201712/31/2017
Capitalization Ratios (%)   
Common Equity / Book Capital47.4452.3954.8647.10
Debt / Book Capitalization52.5647.6145.1452.90
Short-term Debt / Debt34.1612.098.6118.09
Long-term Debt / Debt65.8487.9191.3981.91
Liquidity Ratios (x)   
Current Ratio0.691.051.130.71
Total Debt / Total Equity1.110.910.821.12
Debt Ratios (%)   
First Mortgage Bonds / Debt69.5594.04NM94.32
Commercial Paper / Debt31.216.9006.50
Commercial Paper Out / Available90.0117.77018.07
Coverage Ratios (x)   
Pre-tax Interest Coverage Excl. AFUDC2.923.567.72(1.38)
Pre-tax Interest and Pfd Coverage Excl. AFUDC2.923.567.72(1.38)
Recurring EBITDA / Adjusted Interest Expense5.095.99NM1.38
Debt / Recurring EBITDA3.853.331.7714.26
Debt Detail - Current ($000)   
Short-term Debt270,03553,300054,200
Current Portion of Long-term Debt25,53740,14561,99496,706
Debt Detail - Long-term ($000)   
First Mortgage Bonds601,700726,700726,700786,700
Obligations Under Leases723159NA3
Long-term Senior Debt602,423726,859726,700786,703
Adjustments to Long-term Debt (7,282) (7,377) (6,990) (6,813)
Long-term Debt, Including Current Portion595,141719,482719,710779,890
Total Debt865,176772,782719,710834,090
Additional Debt Detail ($000)   
Unhedged Debt865,176772,782719,710834,090
Debt Maturity Schedule ($000)   
Debt Maturing: Current FY295,57293,445NA150,906
Debt Maturing: Next FY40,15697,003NA30,000
Debt Maturing: FY222,00330,00030,00075,000
Debt Maturing: FY330,00075,00075,00060,000
Debt Maturing: FY475,00060,00060,0000
Debt Maturing: Thereafter402,445417,334395,716518,184
Operating Lease Obligations ($000)   
Operating Lease Obligations, Current Fiscal Year5,4175,476NA5,378
Operating Lease Obligations, Next Fiscal Year5,3635,385NA5,379
Operating Lease Obligations, Second Fiscal Year5,3485,340NA6,945
Operating Lease Obligations, Third Fiscal Year5,3132,835NA7,482
Operating Lease Obligations, Fourth Fiscal Year2,765930NA7,629
Operating Lease Obligations, due Thereafter54,68128,895NA169,411

Copyright 2018, © S&P Global Market Intelligence  Terms of Use