Cosco Shipping Development Co (Cosco Shipping Development Co) Short-Term Debt & Capital Lease Obligation : $4,629 Mil (As of Dec. 2023)

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What is Cosco Shipping Development Co 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. Cosco Shipping Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,629 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Cosco Shipping Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,095 Mil.

Cosco Shipping Development Co Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Cosco Shipping Development Co'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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Cosco Shipping Development Co Short-Term Debt & Capital Lease Obligation Chart

Cosco Shipping Development Co Annual Data

Trend

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Dec23

Short-Term Debt & Capital Lease Obligation

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6,935.29

8,730.71

7,203.26

5,253.92

4,629.00

Cosco Shipping Development Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															5,253.92	3,743.38	3,447.18	3,763.16	4,629.00

Cosco Shipping Development Co 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

Cosco Shipping Development Co Short-Term Debt & Capital Lease Obligation Related Terms

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Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAY) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

CITAF:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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