Eversource Energy

ES Utilities & Power 5/10 Medium Risk
5/10
— 5 → 5 over 22 weeks
Sector avg: 4.8/10

Eversource Energy has $28.4B in scheduled debt maturities. ES shows cash covering only 0.2x of $1.4B in near-term maturities. DebtCanary scores ES at 5/10, indicating moderate refinancing pressure.

Maturity Schedule

As of 2025-12-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.
Year 1 $1.4B Year 2 $2.9B Year 3 $2.3B Year 4 $2.3B Year 5 $2.9B Beyond 5 $16.6B
Period Amount Due % of Total
Year 1 (0-12 months) $1.4B 4.9%
Year 2 (12-24 months) $2.9B 10.2%
Year 3 (24-36 months) $2.3B 8.0%
Year 4 (36-48 months) $2.3B 8.1%
Year 5 (48-60 months) $2.9B 10.2%
Beyond 5 Years $16.6B 58.5%
Total Scheduled Maturities $28.4B 100.0%

Key Metrics

Total Long-Term Debt
N/A
Near-Term (12mo)
$1.4B
Interest Coverage
3.5x
Debt/Equity
1.72
Cash Coverage
0.19x
Operating Income
$3.0B
EBITDA
$5.4B
Debt / EBITDA
5.3x
EBITDA / Interest
6.3x

Refinancing Cost Shock

If Eversource Energy refinanced the $4.3B due within 24 months at today's market yields, its annual interest bill would change by an estimated +$111M/year — about 3.7% of operating income.

Show the full calculation
Debt due within 24 months (Year 1 + Year 2 buckets): $4.3B
Current average rate = interest expense / interest-bearing debt = $855M / $28.4B = 3.02%
Synthetic rating bucket from coverage (EBITDA/interest 6.3x, operating income/interest 3.5x): BBB
Market yield for BBB bucket (ICE BofA via FRED, 2026-07-23): 5.62% (BAMLC0A4CBBBEY)
Rate change: 5.62% − 3.02% = +2.60 pp
Annual cost change: +2.60% × $4.3B = +$111M/yr
As share of operating income ($3.0B): 3.7%
Index-level estimate, not issuer-level bond pricing: the rating bucket is inferred from interest coverage (not an agency rating), and actual new-issue pricing depends on tenor, security, and market conditions. See the methodology.
Hidden future pain — added interest run-rate as the schedule rolls
+1yr
+$36M/yr (1.2%)
+2yr
+$111M/yr (3.7%)
+3yr
+$171M/yr (5.7%)
+4yr
+$230M/yr (7.7%)
+5yr
+$306M/yr (10.2%)
Cumulative run-rate change once all debt maturing by each horizon has refinanced. Assumes yields hold. Market-wide view on the Hidden Future Pain page.
What if yields move? market yield 5.62% (+0 bps)
24-month wall refinanced at that yield: = of operating income

Compare across all companies on the Refinancing Cliff Map →

How This Score Was Computed

Weighted average of 4 scored components (raw 4.60, rounded to 5). Weights of skipped components are redistributed proportionally among those scored.

Component Value Sub-Score Weight Used
Near-Term Maturity Concentration
Show calculation
Year-1 maturities / Total scheduled maturities
Year-1 maturities: $1.4B
Total scheduled maturities: $28.4B
 4.9% 1/10 30%
Interest Coverage Ratio
Show calculation
Operating income / Interest expense
Operating income: $3.0B
Interest expense: $855M
 3.49x 5/10 25%
Debt-to-Equity Ratio
Show calculation
Long-term debt / Stockholders' equity
Long-term debt: $28.4B
Stockholders' equity: $16.5B
No balance-sheet long-term debt figure was reported; total scheduled maturities used as the debt proxy.
 1.72 5/10 25%
Cash Coverage of Near-Term Debt
Show calculation
Cash & equivalents / Debt due within 12 months
Cash & equivalents: $270M
Near-term debt: $1.4B
 0.19x 9/10 20%
Cash Runway
Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.
 N/A — not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Eversource Energy's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date Form Details
2026-07-01 8-K Earnings Results, Other Events
2026-05-07 10-Q Quarterly report
2026-05-06 8-K Earnings Results, Shareholder Vote, Reg FD Disclosure
2026-03-31 8-K Reg FD Disclosure, Other Events
2026-03-27 DEFA14A Additional proxy materials
2026-03-27 DEF 14A Proxy statement
2026-02-26 8-K New Debt Obligation
2026-02-24 424B5 Prospectus supplement — possible debt or equity issuance

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-05-07. Data last fetched: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.
View SEC EDGAR filings for Eversource Energy →