Li Ning Co (Li Ning Co) Interest Expense : $-22 Mil (TTM As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Li Ning Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Li Ning Co's interest expense for the six months ended in Dec. 2023 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-22 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. Li Ning Co's Operating Income for the six months ended in Dec. 2023 was $ 139 Mil. Li Ning Co's Interest Expense for the six months ended in Dec. 2023 was $ -12 Mil. Li Ning Co's Interest Coverage for the quarter that ended in Dec. 2023 was 11.13. 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.

Li Ning Co Interest Expense Historical Data

The historical data trend for Li Ning 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.

* Premium members only.

Li Ning Co Interest Expense Chart

Li Ning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-6.47

-8.25

-10.12

-14.69

-22.48

Li Ning Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.51	-6.82	-8.14	-9.96	-12.49

Li Ning 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-22 Mil.

Li Ning Co (OTCPK:LNNGY) 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.

Li Ning Co's Interest Expense for the six months ended in Dec. 2023 was $-12 Mil. Its Operating Income for the six months ended in Dec. 2023 was $139 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $256 Mil.

Li Ning Co'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	*	138.988	/	-12.49
	=	11.13

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

Li Ning Co (Li Ning Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Li Ning Co Ltd (OTCPK:LNNGY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

LNNGF:USA 02331:Hong Kong LNLB:Germany

Address

No. 8 Xing Guang 5th Street, Opto-Mechatronics Industrial Park, Zhongguancun Science and Technology Area, Tongzhou District, Beijing, CHN, 101111

Website

https://www.lining.com

Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.

Li Ning Co (Li Ning Co) Headlines

From GuruFocus

Matthews China Fund Comments on Li Ning Co Ltd

By Vera Yuan Vera Yuan • 10-20-2014