LX Technology Group (HKSE:02436) Interest Expense : HK$-46 Mil (TTM As of Dec. 2023)

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What is LX Technology Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LX Technology Group's interest expense for the six months ended in Dec. 2023 was HK$ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-46 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. LX Technology Group's Operating Income for the six months ended in Dec. 2023 was HK$ -68 Mil. LX Technology Group's Interest Expense for the six months ended in Dec. 2023 was HK$ -24 Mil. LX Technology Group did not have earnings to cover the interest expense. 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.

LX Technology Group Interest Expense Historical Data

The historical data trend for LX Technology Group'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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LX Technology Group Interest Expense Chart

LX Technology Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-13.35

-22.65

-44.45

-47.38

-45.76

LX Technology Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial			-26.60	-25.78	-22.81	-21.70	-24.06

LX Technology Group 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-46 Mil.

LX Technology Group (HKSE:02436) 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.

LX Technology Group's Interest Expense for the six months ended in Dec. 2023 was HK$-24 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$-68 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$314 Mil.

LX Technology Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

LX Technology Group did not have earnings to cover the interest expense.

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

LX Technology Group (HKSE:02436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LX Technology Group Ltd (HKSE:02436) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Kaifeng Road, Meilin Street, 501, 5th Floor Cuilin Building, International financial technology city, Maling District, Futian District, Shenzhen, CHN

Website

https://www.bearrental.com

LX Technology Group Ltd is a device as a service provider in China. It is principally engaged in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of the device and IT technical subscription services to SMEs in China. The segments of the company are the Device recycling business and Device subscription services, from which the company earns maximum revenue from the Device recycling business.

Executives

Lx Brothers Technology Limited	2101 Beneficial owner
Zhong Xiao Qi Ye Fa Zhan Ji Jin Shen Zhen Nan Shan You Xian He Huo	2201 Interest of corporation controlled by you
Shen Zhen Shi Fu Hai Zhong Xiao Qi Ye Fa Zhan Ji Jin Gu Quan Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Yu Jun Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shang Hai Tong Yun Xin Xi Ji Shu He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Shen Zhen Shi Da Chen Cai Zhi Chuang Ye Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Hu Nan Dian Guang Chuan Mei Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Shi Dong Fang Fu Hai Tou Zi Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Chen Wei	2201 Interest of corporation controlled by you
Hu Zuoxiong	2201 Interest of corporation controlled by you
Beauty Bear Technology Limited	2101 Beneficial owner
Tigris Innovation Limited	2101 Beneficial owner
Max Smart Limited	2201 Interest of corporation controlled by you
Liu Qiangdong Richard	2305 Beneficiary of a trust

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