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LB Group Co (SZSE:002601) Interest Expense : ¥-576 Mil (TTM As of Mar. 2024)


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What is LB Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LB Group Co's interest expense for the three months ended in Mar. 2024 was ¥ -157 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-576 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. LB Group Co's Operating Income for the three months ended in Mar. 2024 was ¥ 1,399 Mil. LB Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -157 Mil. LB Group Co's Interest Coverage for the quarter that ended in Mar. 2024 was 8.89. 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.

LB Group Co Interest Expense Historical Data

The historical data trend for LB Group 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.

* Premium members only.

LB Group Co Interest Expense Chart

LB Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -182.89 -254.55 -299.60 -424.47 -556.17

LB Group 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 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 -137.36 -139.08 -121.95 -157.79 -157.28

LB Group 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 ¥-576 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.

LB Group Co  (SZSE:002601) 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.

LB Group Co's Interest Expense for the three months ended in Mar. 2024 was ¥-157 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥1,399 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥11,103 Mil.

LB Group 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*1398.885/-157.277
=8.89

* 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.

LB Group Co (SZSE:002601) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LB Group Co Ltd (SZSE:002601) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Fengfeng Office, Zhongzhan District, Henan Province, Jiaozuo, CHN, 454191
Website
http://www.lomonbillions.com
LB Group Co Ltd is a inorganic chemical enterprise concentrated on the development and manufacture of titanium and zirconium fine powder material. The company markets in the western industrial areas of China.
Executives
Yang Min Le Director
Chang Yi Li Director
Zhang Hai Tao Directors, executives
Xu Gang Director
Chen Jian Li Executives
Zhang Gang Supervisors
Shen Qing Fei Directors, executives
He Ben Liu Directors, executives
Wu Peng Sen Executives
Tan Rui Qing Director
Zhang Qi Bin Director
Fan Xian Guo Directors, executives
Zhao Yong Jun Supervisors
Feng Jun Supervisors
Jin San Liang Executives

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