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UP Fintech Holding (MEX:TIGR N) Interest Expense : MXN-1,152 Mil (TTM As of Sep. 2024)


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What is UP Fintech Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. UP Fintech Holding's interest expense for the three months ended in Sep. 2024 was MXN -309 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was MXN-1,152 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. UP Fintech Holding's Operating Income for the three months ended in Sep. 2024 was MXN 821 Mil. UP Fintech Holding's Interest Expense for the three months ended in Sep. 2024 was MXN -309 Mil. UP Fintech Holding's Interest Coverage for the quarter that ended in Sep. 2024 was 2.66. 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.

UP Fintech Holding Interest Expense Historical Data

The historical data trend for UP Fintech Holding'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.

* Premium members only.

UP Fintech Holding Interest Expense Chart

UP Fintech Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only -200.95 -377.03 -363.97 -797.08 -1,268.11

UP Fintech Holding Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -271.52 -245.46 -248.82 -309.14 -348.94

UP Fintech Holding 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-1,152 Mil.

* 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.

UP Fintech Holding  (MEX:TIGR N) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

UP Fintech Holding's Interest Expense for the three months ended in Sep. 2024 was MXN-309 Mil. Its Operating Income for the three months ended in Sep. 2024 was MXN821 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was MXN3,272 Mil.

UP Fintech Holding's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*821.401/-309.138
=2.66

* 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.

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

UP Fintech Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » UP Fintech Holding Ltd (MEX:TIGR N) » Definitions » Interest Expense
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Traded in Other Exchanges
TIGR:USA 0A32:UK 1M5:Germany
Address
No. 16 Taiyanggong Middle Road, 18th Floor, Grandyvic Building, No. 1 Building, Chaoyang District, Beijing, CHN, 100020
Website
https://www.itiger.com
UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.

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