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SAIC, Inc. Current Portion of Long-Term Debt: 2.0 ( as of Jan13)

* All numbers are in millions except for per share data SAI 10-Y Financials »

Definition

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.

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

Beaware

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
* All numbers are in millions except for per share data

SAIC, Inc. Annual Data

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SAIC, Inc. Quarterly Data

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