Methode Electronics (Methode Electronics) Short-Term Debt & Capital Lease Obligation : $7 Mil (As of Jan. 2024)

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What is Methode Electronics 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. Methode Electronics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $7 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Methode Electronics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $351 Mil.

Methode Electronics Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Methode Electronics'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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Methode Electronics Short-Term Debt & Capital Lease Obligation Chart

Methode Electronics Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Short-Term Debt & Capital Lease Obligation

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15.70

20.80

21.00

19.00

10.00

Methode Electronics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															7.30	10.00	10.10	9.60	6.50

Methode Electronics 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

Methode Electronics Short-Term Debt & Capital Lease Obligation Related Terms

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Methode Electronics (Methode Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Methode Electronics Inc (NYSE:MEI) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

ME5A:Germany ME5A:Germany

Address

8750 West Bryn Mawr Avenue, Suite 1000, Chicago, IL, USA, 60631-3518

Website

https://www.methode.com

Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized in various business segments: Automotive, Industrial, interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables and custom power-product assemblies. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions. The Medical segment is made up of the Company's medical device business, Dabir Surfaces, its surface support technology aimed at pressure injury prevention.

Executives

Donald W Duda	officer: President
Walter J Aspatore	director	255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009
Lawrence B Skatoff	director	200 SOUTH MICHIGAN AVE, CHICAGO IL 60604
Brian J Cadwallader	director	5757 N GREEN BAY AVE, MILWAUKEE WI 53209
Darren Dawson	director	C/O METHODE ELECTRONICS, INC., 7401 WEST WILSON AVENUE, CHICAGO IL 60706
Joseph Elias Khoury	officer: Vice President	7401 W. WILSON AVENUE, HARWOOD HEIGHTS IL 60706
Kerry A. Vyverberg	officer: General Counsel	8750 W. BRYN MAWR AVE., SUITE 1000, CHICAGO IL 60631
Timothy Glandon	officer: VP&GM NA Automotive	7401 W. WILSON AVENUE, CHICAGO IL 60706
Janie Goddard	director	C/O ACON - 1133 CONNECTICUT AVENUE, NW, SUITE 700, WASHINGTON DC 20036
Tsoumas Ronald L.g.	officer: Controller & Treasurer	7401 W. WILSON AVE., CHICAGO IL 60706
Anil Shetty	officer: VP Methode & Pres. Dabir Surf.	7401 WEST WILSON AVENUE, CHICAGO IL 60706
Kevin Michael Martin	officer: Vice President, North America	8750 WEST BRYN MAWR AVENUE, SUITE 1000, CHICAGO IL 60631
Mary A Lindsey	director	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Therese M Bobek	director	685 SKYE LN, INVERNESS IL 60010
David P Blom	director	200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085