Virtus Oil & Gas (Virtus Oil & Gas) Short-Term Debt & Capital Lease Obligation : $0.47 Mil (As of Feb. 2016)

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What is Virtus Oil & Gas 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. Virtus Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2016 was $0.47 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Virtus Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2016 was $0.00 Mil.

Virtus Oil & Gas Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Virtus Oil & Gas'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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Virtus Oil & Gas Short-Term Debt & Capital Lease Obligation Chart

Virtus Oil & Gas Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Short-Term Debt & Capital Lease Obligation

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0.01

0.05

0.49

Virtus Oil & Gas Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															-	0.07	0.27	0.49	0.47

Virtus Oil & Gas 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

Virtus Oil & Gas Short-Term Debt & Capital Lease Obligation Related Terms

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Virtus Oil & Gas (Virtus Oil & Gas) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Virtus Oil & Gas Corp (GREY:VOIL) » Definitions » Short-Term Debt & Capital Lease Obligation

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Address

1517 San Jacinto Street, Houston, TX, USA, 77002

Website

https://www.virtusoil.com

Virtus Oil & Gas Corp is an oil and gas exploration and development company. It is focused on the acquisition and exploration of oil and natural gas properties. The company operates Tin Cup Mesa Unit and Squaw Canyon, which are located in the Paradox Basin producing in the Upper Ismay formation. Its properties are located at in Iron County in southern Utah of the United States.

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