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H&R Block Inc (NYSE:HRB)
Short-Term Debt
$1 Mil (As of Oct. 2014)

Short-Term Debt is the portion of a company’s debt that needs to be paid within the next 12 months. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. H&R Block Inc's short-term debt for the quarter that ended in Oct. 2014 was $1 Mil.

Long-Term Debt is the debt due more than 12 months in the future. H&R Block Inc's long-term debt for the quarter that ended in Oct. 2014 was $506 Mil.


Definition

This is the portion of a company’s debt that needs to be paid within the next 12 months. 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


Related Terms

Long-Term Debt


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

H&R Block Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
Short-Term Debt 265071,576922349068811,4591401

H&R Block Inc Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
Short-Term Debt 601601426114015964014011
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