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GuruFocus has detected 1 Warning Sign with Transocean Ltd $RIG.
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Transocean Ltd (NYSE:RIG)
Current Portion of Long-Term Debt
$724 Mil (As of Dec. 2016)

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. Transocean Ltd's short-term debt for the quarter that ended in Dec. 2016 was $724 Mil.

Long-Term Debt is the debt due more than 12 months in the future. Transocean Ltd's long-term debt for the quarter that ended in Dec. 2016 was $7,740 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 local exchange's currency.

Transocean Ltd Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Short-Term Debt 6,1726641,8682,0122,1871,3673231,0321,093724

Transocean Ltd Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Short-Term Debt 3621,0321,0241,0261231,0931,2001,0631,069724
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