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Lakeland Industries (FRA:LLI) Interest Expense : €-0.2 Mil (TTM As of Apr. 2024)


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What is Lakeland Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lakeland Industries's interest expense for the three months ended in Apr. 2024 was € -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was €-0.2 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. Lakeland Industries's Operating Income for the three months ended in Apr. 2024 was € 2.1 Mil. Lakeland Industries's Interest Expense for the three months ended in Apr. 2024 was € -0.2 Mil. Lakeland Industries's Interest Coverage for the quarter that ended in Apr. 2024 was 12.83. 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.

Lakeland Industries Interest Expense Historical Data

The historical data trend for Lakeland Industries'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.

* Premium members only.

Lakeland Industries Interest Expense Chart

Lakeland Industries Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.02 -0.01 -0.03 -0.05

Lakeland Industries Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.01 - -0.01 -0.03 -0.16

Lakeland Industries 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.2 Mil.

* 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.

Lakeland Industries  (FRA:LLI) Interest Expense Explanation

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. The higher, the better.

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

Lakeland Industries's Interest Expense for the three months ended in Apr. 2024 was €-0.2 Mil. Its Operating Income for the three months ended in Apr. 2024 was €2.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2024 was €21.6 Mil.

Lakeland Industries's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Apr. 2024 )/Interest Expense (Q: Apr. 2024 )
=-1*2.052/-0.16
=12.83

* 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.

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

Lakeland Industries (FRA:LLI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lakeland Industries Inc (FRA:LLI) » Definitions » Interest Expense
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Traded in Other Exchanges
LAKE:USA
Address
1525 Perimeter Parkway, Suite 325, Huntsville, AL, USA, 35806
Website
https://www.lakeland.com
Lakeland Industries Inc manufactures and sells safety garments and accessories for the industrial protective clothing market. Its product segments include Disposables, Chemicals, Fire, Gloves, High Visibility, High-Performance Wear, and Wovens. Its customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, and mortuaries, as well as scientific and medical laboratories. The company's geographical segments include the United States, Latin America, Canada, Asia, Mexico, Europe (United Kingdom), and Other Foreign.

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