Luzhou Laojiao Co (SZSE:000568) Interest Expense : ¥-513 Mil (TTM As of Mar. 2024)

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What is Luzhou Laojiao Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Luzhou Laojiao Co's interest expense for the three months ended in Mar. 2024 was ¥ -150 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-513 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. Luzhou Laojiao Co's Operating Income for the three months ended in Mar. 2024 was ¥ 6,005 Mil. Luzhou Laojiao Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -150 Mil. Luzhou Laojiao Co's Interest Coverage for the quarter that ended in Mar. 2024 was 39.95. 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.

Luzhou Laojiao Co Interest Expense Historical Data

The historical data trend for Luzhou Laojiao Co'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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Luzhou Laojiao Co Interest Expense Chart

Luzhou Laojiao Co Annual Data

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Dec23

Interest Expense

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-139.60

-190.37

-195.13

-229.67

-488.00

Luzhou Laojiao Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-125.10	-136.44	-115.59	-110.87	-150.32

Luzhou Laojiao Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-513 Mil.

Luzhou Laojiao Co (SZSE:000568) 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.

Luzhou Laojiao Co's Interest Expense for the three months ended in Mar. 2024 was ¥-150 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥6,005 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥12,020 Mil.

Luzhou Laojiao Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6004.921	/	-150.322
	=	39.95

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

Luzhou Laojiao Co (SZSE:000568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Luzhou Laojiao Co Ltd (SZSE:000568) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Nanguang road, Luzhou Laojiao Marketing Network Command Center, Longmatan District, Sichuan Province, Luzhou, CHN, 646000

Website

https://www.lzlj.com

Luzhou Laojiao, or Laojiao, is one of China's leading premium baijiu producers. Its primary product, National Cellar 1573, is widely known as one of the best rich-flavored baijiu in the market, which together with Feitian Moutai and flagship Wuliangye are the top three premium products that dominate more than 90% of the high-end baijiu market. The high-quality products, extensive history, and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins. The State-Owned Assets Supervision and Administration Commission of Luzhou City controls 46% of Luzhou Laojiao.

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