ReadCloud (ASX:RCL) Short-Term Debt & Capital Lease Obligation : A$0.13 Mil (As of Sep. 2023)

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What is ReadCloud Short-Term Debt & Capital Lease Obligation?

Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. ReadCloud's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.13 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. ReadCloud's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was A$0.09 Mil.

ReadCloud Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for ReadCloud's Short-Term Debt & Capital Lease Obligation 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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ReadCloud Short-Term Debt & Capital Lease Obligation Chart

ReadCloud Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Sep22

Sep23

Short-Term Debt & Capital Lease Obligation

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0.16

0.63

0.16

0.13

ReadCloud Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Mar22	Sep22	Mar23	Sep23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial						0.63	0.13	0.16	0.13	0.13

ReadCloud Short-Term Debt & Capital Lease Obligation Calculation

This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

ReadCloud Short-Term Debt & Capital Lease Obligation Related Terms

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ReadCloud (ASX:RCL) Business Description

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Address

126 Church Street, Level 1, Brighton, VIC, AUS, 3186

Website

https://www.readcloud.com

ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.