Heritage Insurance Holdings (Heritage Insurance Holdings) Short-Term Debt & Capital Lease Obligation : $87.3 Mil (As of Mar. 2024)

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What is Heritage Insurance Holdings 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. Heritage Insurance Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $87.3 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Heritage Insurance Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $63.5 Mil.

Heritage Insurance Holdings Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Heritage Insurance Holdings'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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Heritage Insurance Holdings Short-Term Debt & Capital Lease Obligation Chart

Heritage Insurance Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

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79.38

70.00

69.13

99.13

89.63

Heritage Insurance Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															96.75	94.38	92.00	89.63	87.25

Heritage Insurance Holdings 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

Heritage Insurance Holdings Short-Term Debt & Capital Lease Obligation Related Terms

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Heritage Insurance Holdings (Heritage Insurance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Heritage Insurance Holdings Inc (NYSE:HRTG) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

11H:Germany

Address

1401 N. Westshore Boulevard, Tampa, FL, USA, 33607

Website

https://investors.heritagepci.com

Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance in more than 10 states in the United States. It also offers commercial residential insurance primarily for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally.

Executives

Paul L Whiting	director	2910 BAY TO BAY BLVD #200, TAMPA FL 33629
Ernie J Garateix	officer: Chief Operating Officer	2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER IL 33759
Richard A Widdicombe	director, officer: President	P O BOX 407193, FORT LAUDERDALE FL 33340
Raymond T Hyer	10 percent owner	3919 E 7TH AVENUE, TAMPA FL 33605
Timothy Moura	officer: See Remarks	C/O 2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER FL 33301
Kirk Lusk	officer: Chief Financial Officer	2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER FL 33759
Sean W Poole	other: Member of Group	3919 E 7TH AVE, TAMPA FL 33605
Tara K Tira	other: Member of Group	3919 E 7TH AVENUE, TAMPA FL 33605
Kathleen A Hyer	other: Member of Group	3919 E 7TH AVENUE, TAMPA FL 33605
Hyer Family Partnership, Llc	other: Member of Group	3919 E 7TH AVE, TAMPA FL 33605
Futura Circuits Corp.	other: Member of Group	3919 E 7TH AVE, TAMPA FL 33605
Steven C. Martindale	officer: Chief Financial Officer	C/O HERITAGE INSURANCE HOLDINGS, INC., 2600 MCCORMICK DRIVE SUITE 300, CLEARWATER FL 33759
Timothy E. Johns	officer: See Remarks	C/O HEI, P.O. BOX 730, HONOLULU HI 96808
Bruce Lucas	director, officer: Chairman & CEO	2109 E. PALM AVENUE, TAMPA FL 33605
Mark S Berset	director	700 CENTRAL AVE, SAINT PETERSBURG FL 33701