Third Coast Bancshares (Third Coast Bancshares) Short-Term Debt & Capital Lease Obligation : $43.9 Mil (As of Mar. 2024)

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What is Third Coast Bancshares 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. Third Coast Bancshares's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $43.9 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Third Coast Bancshares's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $102.3 Mil.

Third Coast Bancshares Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Third Coast Bancshares'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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Third Coast Bancshares Short-Term Debt & Capital Lease Obligation Chart

Third Coast Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

1.00

30.88

38.88

Third Coast Bancshares Quarterly Data
	Dec19	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												30.88	30.88	35.88	38.88	43.88

Third Coast Bancshares 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

Third Coast Bancshares Short-Term Debt & Capital Lease Obligation Related Terms

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Third Coast Bancshares (Third Coast Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Third Coast Bancshares Inc (NAS:TCBX) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

20202 Highway 59 North, Suite 190, Humble, TX, USA, 77338

Website

https://www.tcbssb.com

Third Coast Bancshares Inc is a bank holding company. It focuses on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The bank operates eleven branches in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, and one branch in Detroit, Texas.

Executives

William Bobbora	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
David R Phelps	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Vicki Alexander	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Richard J Mcwhorter	officer: Chief Financial Officer
Dennis Bonnen	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Audrey Duncan	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Michael Deckert	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Christopher Seay Peacock	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Tony Scavuzzo	director	102 E. FRONT ST., MONROE MI 48161
Martin Basaldua	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Carolyn Bailey	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Bart Caraway	director, officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Joseph Stunja	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Shelton Mcdonald	director	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Donald C Legato	officer: See Remarks	20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338