Leoch International Technology (Leoch International Technology) Interest Expense : $-31 Mil (TTM As of Dec. 2023)

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What is Leoch International Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Leoch International Technology's interest expense for the six months ended in Dec. 2023 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-31 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. Leoch International Technology's Operating Income for the six months ended in Dec. 2023 was $ 61 Mil. Leoch International Technology's Interest Expense for the six months ended in Dec. 2023 was $ -18 Mil. Leoch International Technology's Interest Coverage for the quarter that ended in Dec. 2023 was 3.50. 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.

Leoch International Technology Interest Expense Historical Data

The historical data trend for Leoch International 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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Leoch International Technology Interest Expense Chart

Leoch International Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-28.20

-24.19

-22.59

-22.41

-31.31

Leoch International Technology 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															-11.57	-11.07	-11.78	-13.69	-17.58

Leoch International 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-31 Mil.

Leoch International Technology (OTCPK:LCHIF) 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.

Leoch International Technology's Interest Expense for the six months ended in Dec. 2023 was $-18 Mil. Its Operating Income for the six months ended in Dec. 2023 was $61 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $147 Mil.

Leoch International Technology'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	*	61.457	/	-17.576
	=	3.50

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

Leoch International Technology (Leoch International Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leoch International Technology Ltd (OTCPK:LCHIF) » Definitions » Interest Expense

Traded in Other Exchanges

00842:Hong Kong 0LT:Germany

Address

No. 83, Zhanjing Road, Zhonggang Plaza, Exhibition Bay, 14th Floor, Block A, Tower 6, Fuyong Airport New City South, Baoan District, Shenzhen, CHN

Website

https://www.leoch.com

Leoch International Technology Ltd is a vertically integrated enterprise. It is engaged in the development, sale, and manufacture of lead-acid batteries, recycled lead products, and others. Its product portfolio under lead-acid batteries consists of reserve power batteries, SLI batteries, motive power batteries, and others. The lead-acid-based reserve power batteries generate a vast majority of revenue for the company. Geographically, the company offers its services to China, Europe, the Middle East and Africa, the Americas, and Asia-Pacific, out of which China is the key revenue driver.

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