Litu Holdings (HKSE:01008) Interest Expense : HK$-4.1 Mil (TTM As of Jun. 2024)

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What is Litu Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Litu Holdings's interest expense for the six months ended in Jun. 2024 was HK$ -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-4.1 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. Litu Holdings's Operating Income for the six months ended in Jun. 2024 was HK$ 34.7 Mil. Litu Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$ -2.0 Mil. Litu Holdings's Interest Coverage for the quarter that ended in Jun. 2024 was 17.55. 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.

Litu Holdings Interest Expense Historical Data

The historical data trend for Litu Holdings'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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Litu Holdings Interest Expense Chart

Litu Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-20.69

-14.42

-10.01

-4.23

-4.05

Litu Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Interest Expense	Get a 7-Day Free Trial															-4.47	-2.16	-2.07	-1.98	-2.07

Litu Holdings 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-4.1 Mil.

Litu Holdings (HKSE:01008) 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.

Litu Holdings's Interest Expense for the six months ended in Jun. 2024 was HK$-2.0 Mil. Its Operating Income for the six months ended in Jun. 2024 was HK$34.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was HK$0.3 Mil.

Litu Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	34.748	/	-1.98
	=	17.55

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

Litu Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Litu Holdings Ltd (HKSE:01008) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd floor, 38 On Lok Mun Street, On Lok Tsuen, Fanling, New Territories, Hong Kong, HKG

Website

http://www.lituholdings.com

Litu Holdings Ltd is an investment holding company. The Group's core activities include Printing cigarette packages. Manufacturing paper packaging materials. Producing laminated papers. Selling RFID products. Printing packages and decoration items. Researching printing technology. Wholesale and import/export of packaging products. Providing related services. The company's operating segment includes Printing and manufacturing of paper packages and related materials, leasing of investment properties and Sales of RFID products. It generates maximum revenue from the Printing and manufacturing of cigarette packages and related materials segment. Geographically, it derives a majority of its revenue from China.

Executives

Sinorise International Limited	2101 Beneficial owner
Cai Xiao Ming, David	2201 Interest of corporation controlled by you
Li Li	2201 Interest of corporation controlled by you
Tian Jin Zhang Rong Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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