Li & Fung (HKSE:00494) Interest Expense : HK$-702 Mil (TTM As of Dec. 2019)

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What is Li & Fung Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Li & Fung's interest expense for the six months ended in Dec. 2019 was HK$ -385 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2019 was HK$-702 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 & Fung's Operating Income for the six months ended in Dec. 2019 was HK$ 863 Mil. Li & Fung's Interest Expense for the six months ended in Dec. 2019 was HK$ -385 Mil. Li & Fung's Interest Coverage for the quarter that ended in Dec. 2019 was 2.24. 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 & Fung Interest Expense Historical Data

The historical data trend for Li & Fung'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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Li & Fung Interest Expense Chart

Li & Fung Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Interest Expense

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-771.51

-701.75

-545.03

-551.10

-700.74

Li & Fung Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Interest Expense	Get a 7-Day Free Trial															-256.96	-256.27	-295.73	-316.12	-385.48

Li & Fung 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. 2019 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-702 Mil.

Li & Fung (HKSE:00494) 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 & Fung's Interest Expense for the six months ended in Dec. 2019 was HK$-385 Mil. Its Operating Income for the six months ended in Dec. 2019 was HK$863 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2019 was HK$8,547 Mil.

Li & Fung's Interest Coverage for the quarter that ended in Dec. 2019 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2019 )	/	Interest Expense (Q: Dec. 2019 )
	=	-1	*	862.905	/	-385.48
	=	2.24

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

Li & Fung (HKSE:00494) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Li & Fung Ltd (HKSE:00494) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

31 Victoria Street, Victoria Place, 5th Floor, Hamilton, BMU, HM 10

Website

https://www.lifung.com

Li & Fung Ltd is a supply-chain manager that serves retailers globally with sourcing and logistics services. The company's operating segment includes Services and Products. It generates maximum revenue from the Services segment. The Services segment consists of Supply Chain Solutions and Logistics businesses. Its Products segment consists of the Onshore Wholesale business and the three Product Verticals (furniture, beauty, and sweaters) representing its principal-to-principal business. Geographically, it derives a majority of revenue from the United States of America.

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