LG Energy Solution (XKRX:373220) Interest Expense : ₩-315,751 Mil (TTM As of Dec. 2023)

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What is LG Energy Solution Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LG Energy Solution's interest expense for the three months ended in Dec. 2023 was ₩ -93,784 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₩-315,751 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 Energy Solution's Operating Income for the three months ended in Dec. 2023 was ₩ 338,220 Mil. LG Energy Solution's Interest Expense for the three months ended in Dec. 2023 was ₩ -93,784 Mil. LG Energy Solution's Interest Coverage for the quarter that ended in Dec. 2023 was 3.61. 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 Energy Solution Interest Expense Historical Data

The historical data trend for LG Energy Solution'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 Energy Solution Interest Expense Chart

LG Energy Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-7,910.00

-67,011.00

-113,684.00

-315,752.00

LG Energy Solution Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial							-43,142.00	-69,496.00	-64,358.00	-88,113.00	-93,784.00

LG Energy Solution 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-315,751 Mil.

LG Energy Solution (XKRX:373220) 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 Energy Solution's Interest Expense for the three months ended in Dec. 2023 was ₩-93,784 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₩338,220 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₩7,720,833 Mil.

LG Energy Solution's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	338220	/	-93784
	=	3.61

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

LG Energy Solution (XKRX:373220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » Interest Expense

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Address

Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR

Website

https://www.lgensol.com

LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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