Jarden (Jarden) Long-Term Debt & Capital Lease Obligation : $5,788 Mil (As of Dec. 2015)

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What is Jarden Long-Term Debt & Capital Lease Obligation?

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Jarden's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was $5,788 Mil.

LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. Jarden's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was $5,788 Mil. Jarden's Total Assets for the quarter that ended in Dec. 2015 was $14,293 Mil. Jarden's LT-Debt-to-Total-Asset for the quarter that ended in Dec. 2015 was 0.41.

Jarden's LT-Debt-to-Total-Asset declined from Dec. 2014 (0.41) to Dec. 2015 (0.41). It may suggest that Jarden is progressively becoming less dependent on debt to grow their business.

Jarden Long-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Jarden's Long-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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Jarden Long-Term Debt & Capital Lease Obligation Chart

Jarden Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Long-Term Debt & Capital Lease Obligation

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2,890.10

3,293.40

4,087.30

4,464.00

5,787.50

Jarden Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Long-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															4,464.00	4,429.60	4,437.00	5,313.10	5,787.50

Jarden Long-Term Debt & Capital Lease Obligation Calculation

Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.

Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.

The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.

A company's long term debt may have different dates of maturity and interest rates, depending on the terms.

Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.

Jarden (NYSE:JAH) Long-Term Debt & Capital Lease Obligation Explanation

Jarden's LT-Debt-to-Total-Asset ratio for the quarter that ended in Dec. 2015 is calculated as:

LT-Debt-to-Total-Asset (Q: Dec. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2015 )	/	Total Assets (Q: Dec. 2015 )
	=	5787.5	/	14293.1
	=	0.40

Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.

We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.

Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)

Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.

BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.

If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the companys earnings power is focused on paying off the debt and not growth.

Important: little or no long term debt often means a Good Long Term Bet

Jarden Long-Term Debt & Capital Lease Obligation Related Terms

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Jarden (Jarden) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jarden Corp (NYSE:JAH) » Definitions » Long-Term Debt & Capital Lease Obligation

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Address

Website

http://www.jarden.com

Jarden Corp is a Delaware corporation formed in April 1993. The Company is a provider of consumer products The Company reports four business segments namely Outdoor Solutions, Consumer Solutions, Branded Consumables and Process Solutions. The Outdoor Solutions segment manufactures or sources, markets and distributes consumer active lifestyle products for outdoor and outdoor-related activities. For general outdoor activities, Coleman is a brand for active lifestyle products, that include camping and outdoor equipment such as air beds, camping stoves, coolers, foldable furniture, gas and charcoal grills, lanterns and flashlights, propane fuel, sleeping bags, tents and water recreation products such as boats, kayaks and tow-behinds. The Consumer Solutions segment manufactures or sources, markets, and distributes a diverse line of household products, including kitchen appliances and personal care and wellness products for home use. The products in this segment include clippers and trimmers for professional use in the beauty and barber and animal categories; electric blankets, mattress pads and throws; household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, toasters, toaster ovens and vacuum packaging machines; personal care and wellness products, such as air purifiers, fans, heaters and humidifiers, for home use; products for the hospitality industry; and scales for consumer use. The Branded Consumables segment manufactures or sources, markets and distributes a line of branded consumer products, many of which are affordable, consumable and fundamental household staples, including arts and crafts paint brushes, children's card games, fencing, fire extinguishing products, firelogs and firestarters, home canning jars and accessories, kitchen matches, other craft items, plastic cutlery, playing cards and accessories, safes, security cameras, security doors, smoke and carbon monoxide alarms, storage organizers and workshop accessories, toothpicks, window guards and other accessories. This segment markets its products under the Aviator, Ball, Bee, Bernardin, Bicycle, BRK, Crawford, Diamond, Dicon, First Alert, Forster, Hoyle, Java-Log, KEM, Kerr, Lehigh, Leslie-Locke, Loew-Cornell, Pine Mountain and Wellington brand names, among others. The Process Solutions segment manufactures, markets and distributes plastic products including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging. Many of these products are consumable in nature or represent components of consumer products. The Company's materials business produces specialty nylon polymers, conductive fibers and monofilament used in various products, including woven mats used by paper producers and weed trimmer cutting line, as well as fiberglass radio antennas for marine, citizen band and military applications. In addition, the Company manufactures a line of industrial zinc products marketed globally for use in the

Executives

Richard T Sansone	officer: EVP - Operations	ONE CANTERBURY GREEN, 6TH FLOOR STAMFORD CT 06901
William P Lauder	director	767 FIFTH AVENUE, NEW YORK NY 10153
Irwin D Simon	director	C/O THE HAIN CELESTIAL GROUP INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Michael S Gross	director	C/O SOLAR CAPITAL LTD., 500 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022
Robert L Wood	director	C/O DOW CHEMICAL CO, 2030 DOW CENTER, MIDLAND MI 48674
John Edward Capps	officer: EVP-Admin, Gen. Counsel & Sec.	2381 EXECUTIVE CENTER DRIVE, BOCA RATON FL 33431
Alan W Lefevre	officer: EVP - Finance & CFO	HERBALIFE NUTRITION, 800 W. OLYMPIC BLVD. SUITE 406, LOS ANGELES CA 90015
Martin E Franklin	director, officer: Executive Chairman	C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
Ashken Ian G H	director, officer: Vice Chairman and President	C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
James E Lillie	director, officer: Chief Executive Officer	C/O MOORE CORPORATION LIMITED, ONE CANTERBURY GREEN, STAMFORD CT 06901
Richard J Heckmann	director	75080 FRANK SINATRA DRIVE PALM DESERT CA 92211
John David Tolbert	officer: SVP, HR & Corp. Risk	345 S HIGH STREET, STE 201, MUNCIE IN 47305
Patricia Mount	officer: SVP, Finance	JARDEN CORPORATION, 555 THEODORE FREMD AVENUE, RYE NY 10580
Rene Pierre Azria	director	C/O JARDEN CORP, 555 THEODORE FREMD AVE, RYE NY 10580
Charles R Kaye	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017