Ligao Foods Co (SZSE:300973) Interest Expense : ¥-14 Mil (TTM As of Mar. 2024)

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What is Ligao Foods Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ligao Foods Co's interest expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-14 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. Ligao Foods Co's Operating Income for the three months ended in Mar. 2024 was ¥ 100 Mil. Ligao Foods Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -3 Mil. Ligao Foods Co's Interest Coverage for the quarter that ended in Mar. 2024 was 31.54. 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.

Ligao Foods Co Interest Expense Historical Data

The historical data trend for Ligao Foods 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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Ligao Foods Co Interest Expense Chart

Ligao Foods Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.47

-1.53

-0.25

-1.62

-12.72

Ligao Foods Co Quarterly Data
	Dec18	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															-1.50	-3.63	-3.36	-4.23	-3.17

Ligao Foods 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 ¥-14 Mil.

Ligao Foods Co (SZSE:300973) 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.

Ligao Foods Co's Interest Expense for the three months ended in Mar. 2024 was ¥-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥100 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥882 Mil.

Ligao Foods 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	*	99.877	/	-3.167
	=	31.54

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

Ligao Foods Co (SZSE:300973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ligao Foods Co Ltd (SZSE:300973) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Pingling Industrial Zone, Shitan Town Industrial Park, Zengcheng, Guangdong Province, Guangzhou, CHN, 510420

Website

http://www.ligaofoods.com

Ligao Foods Co Ltd is engaged in the production and sales of bakery food raw materials. The company's product range covers baking, beverages, snack foods, frozen semi-finished products and other fields.

Ligao Foods Co (SZSE:300973) Headlines

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