Lanka Milk Foods (CWE) (COL:LMF.N0000) Interest Expense : රු-1,103 Mil (TTM As of Dec. 2023)

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What is Lanka Milk Foods (CWE) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lanka Milk Foods (CWE)'s interest expense for the three months ended in Dec. 2023 was රු -252 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was රු-1,103 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. Lanka Milk Foods (CWE)'s Operating Income for the three months ended in Dec. 2023 was රු 373 Mil. Lanka Milk Foods (CWE)'s Interest Expense for the three months ended in Dec. 2023 was රු -252 Mil. Lanka Milk Foods (CWE)'s Interest Coverage for the quarter that ended in Dec. 2023 was 1.48. 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.

Lanka Milk Foods (CWE) Interest Expense Historical Data

The historical data trend for Lanka Milk Foods (CWE)'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.

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Lanka Milk Foods (CWE) Interest Expense Chart

Lanka Milk Foods (CWE) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-58.55

-140.85

-102.42

-79.19

-1,054.08

Lanka Milk Foods (CWE) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-372.36	-223.45	-292.09	-336.09	-251.54

Lanka Milk Foods (CWE) 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was රු-1,103 Mil.

Lanka Milk Foods (CWE) (COL:LMF.N0000) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Lanka Milk Foods (CWE)'s Interest Expense for the three months ended in Dec. 2023 was රු-252 Mil. Its Operating Income for the three months ended in Dec. 2023 was රු373 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was රු2,447 Mil.

Lanka Milk Foods (CWE)'s Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	373.15	/	-251.538
	=	1.48

The higher the ratio, the stronger the company's financial strength is.

Lanka Milk Foods (CWE) (COL:LMF.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lanka Milk Foods (CWE) PLC (COL:LMF.N0000) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 579/1, Welisara, Ragama, LKA

Website

https://www.lmfgroup.lk

Lanka Milk Foods (CWE) PLC is engaged in the business of importing, packing, manufacturing, marketing, and distributing milk allied products. The company's operating segment includes Powdered Milk; Liquid Milk and Others, Agriculture and Trading. It generates maximum revenue from the Liquid Milk and Others segment. The Liquid Milk and Others segment includes the operating chain of packing and selling of UHT products, Daily, Ambewela Farm Fresh Milk, and fruit juice.

Lanka Milk Foods (CWE) (COL:LMF.N0000) Headlines

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