Sumec (SHSE:600710) Short-Term Debt & Capital Lease Obligation : ¥4,822 Mil (As of Mar. 2024)

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What is Sumec 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. Sumec's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥4,822 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Sumec's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,301 Mil.

Sumec Short-Term Debt & Capital Lease Obligation Historical Data

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

Sumec Annual Data

Trend

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Dec23

Short-Term Debt & Capital Lease Obligation

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8,704.49

5,137.93

5,986.77

2,900.54

3,801.68

Sumec 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															4,402.55	4,495.95	4,704.76	3,801.68	4,821.94

Sumec 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

Sumec Short-Term Debt & Capital Lease Obligation Related Terms

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Sumec (SHSE:600710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sumec Corp Ltd (SHSE:600710) » Definitions » Short-Term Debt & Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Changjiang Road, SUMEC Building, No. 198, Xuanwu District, Nanjing, CHN, 210018

Website

http://www.sumec.com

Sumec Corp Ltd is engaged in trade and service, engineering contracting, and investment and development. The trade and service cover import and export of the bulk commodities including gardening instruments, electric tools, high-pressure washer, power generation equipment, garment, household textiles, automobile parts, medical devices, and others. Engineering contracting includes environmental engineering, energy engineering, and marine engineering; investment development includes strategic investment, industrial investment, project investment and financial investment.

Executives

Zhao Jian Guo	senior management
Cai Ji Bo	Director
Yang Guo Feng	Supervisors
Peng Yuan Pu	senior management
Jin Yong Chuan	senior management
Yang Yong Qing	Director
Gu Jian Su	senior management
Chen Wei	senior management
Wu Jian Ping	Supervisors
Wang Wei Yan	Director
Zou Jian Mao	senior management
Jin Rong Hua	Supervisors

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