Lu Hai Holding (TPE:2115) Interest Expense : NT$-43 Mil (TTM As of Mar. 2024)

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What is Lu Hai Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lu Hai Holding's interest expense for the three months ended in Mar. 2024 was NT$ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-43 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. Lu Hai Holding's Operating Income for the three months ended in Mar. 2024 was NT$ 74 Mil. Lu Hai Holding's Interest Expense for the three months ended in Mar. 2024 was NT$ -11 Mil. Lu Hai Holding's Interest Coverage for the quarter that ended in Mar. 2024 was 6.67. 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.

Lu Hai Holding Interest Expense Historical Data

The historical data trend for Lu Hai Holding'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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Lu Hai Holding Interest Expense Chart

Lu Hai Holding Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.99

-8.75

-11.50

-27.30

-42.43

Lu Hai Holding 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															-10.68	-10.48	-10.74	-10.53	-11.09

Lu Hai Holding 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 NT$-43 Mil.

Lu Hai Holding (TPE:2115) 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.

Lu Hai Holding's Interest Expense for the three months ended in Mar. 2024 was NT$-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$819 Mil.

Lu Hai Holding'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	*	73.959	/	-11.089
	=	6.67

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

Lu Hai Holding (TPE:2115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lu Hai Holding Corp (TPE:2115) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64, Shing-Kong 5th Road, Tien-Chung Industrial District, Tien-Chung, Chang-Hua, TWN

Website

https://www.luhai.com.tw

Lu Hai Holding Corp operates in the auto parts industry. It is engaged in the production, processing and sale of tire valves and accessories The company serves the tire, automobile, truck and agriculture vehicles industry.

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