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Lotus Bakeries NV (XBRU:LOTB) Interest Expense : €-2 Mil (TTM As of Jun. 2024)


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What is Lotus Bakeries NV Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lotus Bakeries NV's interest expense for the six months ended in Jun. 2024 was € -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-2 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. Lotus Bakeries NV's Operating Income for the six months ended in Jun. 2024 was € 98 Mil. Lotus Bakeries NV's Interest Expense for the six months ended in Jun. 2024 was € -1 Mil. Lotus Bakeries NV's Interest Coverage for the quarter that ended in Jun. 2024 was 133.28. 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.

Lotus Bakeries NV Interest Expense Historical Data

The historical data trend for Lotus Bakeries NV'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.

Lotus Bakeries NV Interest Expense Chart

Lotus Bakeries NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.31 -2.93 -2.88 -3.12 -4.04

Lotus Bakeries NV Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 -1.71 -1.63 -1.20 -1.22 -0.73

Lotus Bakeries NV 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 €-2 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.

Lotus Bakeries NV  (XBRU:LOTB) 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.

Lotus Bakeries NV's Interest Expense for the six months ended in Jun. 2024 was €-1 Mil. Its Operating Income for the six months ended in Jun. 2024 was €98 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was €276 Mil.

Lotus Bakeries NV'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*97.697/-0.733
=133.28

* 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.

Lotus Bakeries NV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lotus Bakeries NV (XBRU:LOTB) » Definitions » Interest Expense
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Traded in Other Exchanges
LOTBY:USA 0F4O:UK
Address
Gentstraat 1, Lembeke, BEL, B-9971
Website
https://www.lotusbakeries.com
Lotus Bakeries NV produces and sells snacks under a range of brands. Under the Peijnenburg and Snelle Jelle brands, the company supplies gingerbread in Netherlands. With the Nakd, Trek, Bear, and Urban Fruit brands, the company offers snacks made from natural ingredients and no added sugar. Lotus Bakeries operates in Belgium, with production facilities in Belgium, the Netherlands, France, and Sweden, and a number of sales units in Europe, the U.S., and Asia. The company's product portfolio is divided into six product lines: the caramelized biscuits line, the waffles and galettes line, the cake specialties line, the gingerbread line, the pepparkakor biscuits line, and the Dinosaurs biscuits line. Lotus Bakeries distributes its products through retail, catering, and food services.

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