LBT Innovations (ASX:LBT) Interest Expense : A$-0.75 Mil (TTM As of Dec. 2023)

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What is LBT Innovations Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LBT Innovations's interest expense for the six months ended in Dec. 2023 was A$ -0.34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.75 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. LBT Innovations's Operating Income for the six months ended in Dec. 2023 was A$ -2.05 Mil. LBT Innovations's Interest Expense for the six months ended in Dec. 2023 was A$ -0.34 Mil. LBT Innovations 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.

LBT Innovations Interest Expense Historical Data

The historical data trend for LBT Innovations'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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LBT Innovations Interest Expense Chart

LBT Innovations Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.02

-0.11

-0.12

-0.10

-0.47

LBT Innovations 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															-0.03	-0.08	-0.06	-0.41	-0.34

LBT Innovations 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 A$-0.75 Mil.

LBT Innovations (ASX:LBT) 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.

LBT Innovations's Interest Expense for the six months ended in Dec. 2023 was A$-0.34 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$-2.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was A$1.34 Mil.

LBT Innovations's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

LBT Innovations did not have earnings to cover the interest expense.

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

LBT Innovations (ASX:LBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » LBT Innovations Ltd (ASX:LBT) » Definitions » Interest Expense

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Address

16 Anster Street, Adelaide, SA, AUS, 5000

Website

https://www.lbtinnovations.com

LBT Innovations Ltd is a designer of advanced technology solutions for the medical industry. Its first product, MicroStreak, was a global first in the automation of the culture plate streaking process. Its second product, the Automated Plate Assessment System(APAS) is based upon LBT's intelligent imaging and machine learning software and remains the only US FDA-cleared artificial intelligence technology for automated imaging, analysis, and interpretation of microbiology culture plates following incubation.

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