ITT (ITT) Short-Term Debt & Capital Lease Obligation : $207 Mil (As of Dec. 2023)

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What is ITT 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. ITT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $207 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. ITT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $78 Mil.

ITT Short-Term Debt & Capital Lease Obligation Historical Data

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

ITT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

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106.40

126.60

217.70

470.00

207.20

ITT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															470.00	403.60	415.20	263.50	207.20

ITT 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

ITT Short-Term Debt & Capital Lease Obligation Related Terms

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ITT (ITT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITT Inc (NYSE:ITT) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

2II:Germany 2II:Germany

Address

100 Washington Boulevard, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.itt.com

ITT is a diversified industrial conglomerate with over $3 billion in sales. After the spinoffs of Xylem and Exelis in 2011, the company's products primarily include brake pads, shock absorbers, pumps, valves, connectors, and switches. Its customers include original-equipment and Tier 1 manufacturers as well as aftermarket customers. ITT uses a network of approximately 700 independent distributors, which accounts for about one third of overall revenue. Nearly three fourths of the company's sales are made in North America and Europe. ITT's primary end markets include automotive, rail, oil and gas, aerospace and defense, chemical, mining, and general industrial.

Executives

Ryan F. Flynn	officer: See Remarks	56 TECHNOLOGY DR., IRVINE CA 92618
Don Defosset	director	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Nazzic S Keene	director	1710 SAIC DRIVE, MCLEAN VA 22102
Kevin C Berryman	director	521 WEST 57TH STREET, NEW YORK NY 10019
Maurine C. Lembesis	officer: See Remarks	8 RYANS RUN, PLEASANT VALLEY NY 12569
Carlo Ghirardo	officer: See Remarks	VIA BONINO, 5, BRA (CN) L6 12042
Fernando Roland	officer: SVP & Pres Industrial Process	100 WASHINGTON BLVD., 6TH FLOOR, STAMFORD CT 06902
Lori B. Marino	officer: SVP, General Counsel	100 WASHINGTON BLVD, STAMFORD CT 06902
De Mesa Graziano Cheryl	officer: VP, Chief Accounting Officer	80 GRASSLANDS ROAD, ELMSFORD NY 10523
Emmanuel Caprais	officer: Chief Financial Officer	1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Mary Elizabeth Gustafsson	officer: See Remarks	ITT CORPORATION, 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Timothy H Powers	director	C/O RICHARD W DAVLES HUBBELL INC, 684 DERBY MILFORD RD, ORANGE CT 06477
Luca Savi	officer: See Remarks	C/O ITT CORPORATION, 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Bartek Markowiecki	officer: SVP, Strategy & Corp Dev.	C/O ITT INC., 1133 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
Orlando D Ashford	director	C/O AMERANT BANK, 220 ALHAMBRA CR., CORAL GABLES FL 33134