LG Innotek Co (XKRX:011070) Interest Expense : ₩-109,620 Mil (TTM As of Mar. 2024)

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What is LG Innotek Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LG Innotek Co's interest expense for the three months ended in Mar. 2024 was ₩ -28,391 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-109,620 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. LG Innotek Co's Operating Income for the three months ended in Mar. 2024 was ₩ 176,038 Mil. LG Innotek Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -28,391 Mil. LG Innotek Co's Interest Coverage for the quarter that ended in Mar. 2024 was 6.20. 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.

LG Innotek Co Interest Expense Historical Data

The historical data trend for LG Innotek 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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LG Innotek Co Interest Expense Chart

LG Innotek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-63,769.00

-49,687.00

-41,060.00

-53,900.00

-101,836.00

LG Innotek 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															-20,607.00	-25,691.00	-27,975.00	-27,563.00	-28,391.00

LG Innotek 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 ₩-109,620 Mil.

LG Innotek Co (XKRX:011070) 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.

LG Innotek Co's Interest Expense for the three months ended in Mar. 2024 was ₩-28,391 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩176,038 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩2,311,906 Mil.

LG Innotek 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	*	176038.179	/	-28391
	=	6.20

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

LG Innotek Co (XKRX:011070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Innotek Co Ltd (XKRX:011070) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

30, Magokjungang, E1/E3, 10-ro, Gangseo-gu, Seoul, KOR, 07796

Website

http://www.lginnotek.com

LG Innotek Co Ltd is a Korea-based company engaged in the manufacturing of materials and components that focuses on mobile, automotive, LED, display, semiconductor and IoT business fields with its core technologies. The company offers mobile products, including camera modules, wireless power chargers, and optical biosensor modules; and automotive products, such as motors and sensors, connectivity, thermoelectric modules, and LED lighting products. It also provides display products, which include photomasks, power modules, digital tuners, and touch panels; semiconductor products consisting of flip chip scale packages, chip on films, wireless modems, routers, and electronic shelf labels.

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