Luokung Technology (FRA:78IB) Interest Expense : €-3.09 Mil (TTM As of Jun. 2023)

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What is Luokung Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Luokung Technology's interest expense for the six months ended in Jun. 2023 was € -1.65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was €-3.09 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. Luokung Technology's Operating Income for the six months ended in Jun. 2023 was € -19.02 Mil. Luokung Technology's Interest Expense for the six months ended in Jun. 2023 was € -1.65 Mil. Luokung Technology 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.

Luokung Technology Interest Expense Historical Data

The historical data trend for Luokung Technology'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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Luokung Technology Interest Expense Chart

Luokung Technology Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.07

-0.09

-2.98

-3.65

-3.18

Luokung Technology Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-1.82	-1.71	-1.74	-1.44	-1.65

Luokung Technology 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-3.09 Mil.

Luokung Technology (FRA:78IB) 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.

Luokung Technology's Interest Expense for the six months ended in Jun. 2023 was €-1.65 Mil. Its Operating Income for the six months ended in Jun. 2023 was €-19.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was €0.40 Mil.

Luokung Technology's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Luokung Technology did not have earnings to cover the interest expense.

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

Luokung Technology (FRA:78IB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Luokung Technology Corp (FRA:78IB) » Definitions » Interest Expense

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LKCO:USA

Address

No. 9, Guanghua Road, Miss. Qinyu Zhao B9-8, Block B, SOHO Phase II, Chaoyang District, Beijing, CHN, 100020

Website

https://www.luokung.com

Luokung Technology Corp is a mobile service and technology provider for the long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific, and social services.

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