Business Segments · Letters Of Credit
Utility — Letters Of Credit
Entergy Utility — Letters Of Credit decreased by 33.3% to $4.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 33.3%, from $3.00M to $4.00M.
Analysis
StatementSegment
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ4 2020
Last reportedQ3 2023
How to read this metric
An increase suggests higher reliance on credit facilities to secure operational contracts or meet regulatory requirements, while a decrease may indicate improved cash liquidity or reduced reliance on external credit support.
Detailed definition
This metric represents the total value of standby letters of credit issued on behalf of the utility segment to support o...
Peer comparison
Similar to other regulated utilities, this is often categorized under off-balance sheet arrangements or liquidity support metrics, with peers reporting comparable figures as part of their credit facility disclosures.
Metric ID:
etr_segment_utility_letters_of_creditHistorical Data
9 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $6.00M | $4.00M | $1.00M | $6.00M | $3.00M | $3.00M | $1.00M | $6.00M | $4.00M |
| QoQ Change | — | -33.3% | -75.0% | +500.0% | -50.0% | +0.0% | -66.7% | +500.0% | -33.3% |
| YoY Change | — | — | — | +0.0% | -25.0% | — | +0.0% | +0.0% | +33.3% |
Range$1.00M – $6.00M
CAGR-18.4%
Avg YoY Growth+1.7%
Median YoY Growth+0.0%
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Frequently Asked Questions
- What is Entergy's utility — letters of credit?
- Entergy (ETR) reported utility — letters of credit of $4.00M in Q3 2023.
- How has Entergy's utility — letters of credit changed year-over-year?
- Entergy's utility — letters of credit increased by 33.3% year-over-year, from $3.00M to $4.00M.
- What does utility — letters of credit mean?
- The total value of financial guarantees issued by the utility segment to support its business operations and contractual obligations.