Louis (CYS:LUI) Interest Expense : €-19.7 Mil (TTM As of Dec. 2023)

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What is Louis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Louis's interest expense for the six months ended in Dec. 2023 was € -10.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-19.7 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. Louis's Operating Income for the six months ended in Dec. 2023 was € 23.0 Mil. Louis's Interest Expense for the six months ended in Dec. 2023 was € -10.5 Mil. Louis's Interest Coverage for the quarter that ended in Dec. 2023 was 2.19. 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.

Louis Interest Expense Historical Data

The historical data trend for Louis'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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Louis Interest Expense Chart

Louis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-20.95

-16.80

-15.18

-15.83

-19.71

Louis 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															-7.74	-7.57	-8.25	-9.18	-10.54

Louis 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 €-19.7 Mil.

Louis (CYS:LUI) 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.

Louis's Interest Expense for the six months ended in Dec. 2023 was €-10.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was €23.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was €284.7 Mil.

Louis'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	*	23.019	/	-10.535
	=	2.19

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Louiss earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Louis (CYS:LUI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Louis (CYS:LUI) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

11 Lemesou Avenue, Nicosia, CYP, 2112

Website

https://www.louisgroup.com

Louis Plc is a Cyprus-based company engaged in the tourism industry in the Southeastern Mediterranean. It mainly focuses on the hotel sector in both Cyprus and Greece. It covers a range of services for inbound/outbound tourism, ownership, and management of hotel and catering units and sea tourism, as well as ground handling services at the International Airports of Larnaca and Paphos. The company's objective is to further develop and update the quality of the services that it offers to its clients.

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