Public Service Enterprise Group (PEG)

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33.89 -0.16  -0.47%   NYSE May 24, 8:00PM BATS Real time Currency in USD

Public Service Enterprise Group Times Interest Earned TTM

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Public Service Enterprise Group Times Interest Earned TTM Chart

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Public Service Enterprise Group Historical Times Interest Earned TTM Data

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About Times Interest Earned (TTM)

Also known as the "Interest Coverage Ratio."

Times interest earned is a key metric to determine the credit worthiness of a business. Essentially, the number represents how many times the last 12 months' EBIT (earnings before interest and taxes) would have covered the past 12 months' interest expenses.

This ratio works well when looking at manufacturing businesses, utilities, and certain service businesses. It should be used with care when analyzing financial service companies because their business models borrow differently from traditional manufacturing and service businesses.
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