Premium Nickel Resources (TSXV:PNRL) Short-Term Debt & Capital Lease Obligation : C$1.32 Mil (As of Mar. 2024)

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What is Premium Nickel Resources 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. Premium Nickel Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.32 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Premium Nickel Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$18.51 Mil.

Premium Nickel Resources Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Premium Nickel Resources'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.

* Premium members only.

Premium Nickel Resources Short-Term Debt & Capital Lease Obligation Chart

Premium Nickel Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

8.44

1.61

Premium Nickel Resources Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial									8.28	1.27	1.89	1.61	1.32

Premium Nickel Resources 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

Premium Nickel Resources Short-Term Debt & Capital Lease Obligation Related Terms

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Premium Nickel Resources (TSXV:PNRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premium Nickel Resources Ltd (TSXV:PNRL) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PNRLF:USA O8S:Germany

Address

100 King Street West, One First Canadian Place, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.premiumnickelresources.ca

Premium Nickel Resources Ltd is a Canadian company dedicated to the exploration and development of high-quality nickel copper + cobalt resources. The company focuses its efforts on discovering nickel sulphide assets in Botswana, Greenland, and Canada. It has one reportable operating segment being that of the acquisition, exploration and development of mineral properties in three geographic segments being Botswana, Greenland and Canada.

Executives

Richard William Keith Morrison

Director, Senior Officer

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