MYR Group (MYR Group) Short-Term Debt & Capital Lease Obligation : $18 Mil (As of Dec. 2023)

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What is MYR Group 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. MYR Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $18 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. MYR Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $55 Mil.

MYR Group Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for MYR Group'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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MYR Group Short-Term Debt & Capital Lease Obligation Chart

MYR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

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16.08

11.31

8.80

15.91

18.33

MYR Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															15.91	16.28	17.36	16.72	18.33

MYR Group 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

MYR Group Short-Term Debt & Capital Lease Obligation Related Terms

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MYR Group (MYR Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MYR Group Inc (NAS:MYRG) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

MYP:Germany

Address

12121 Grant Street, Suite 610, Thornton, CO, USA, 80241

Website

https://www.myrgroup.com

MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. The company operates through two segments. The transmission and distribution segment provides designing, engineering, procurement, construction, upgrade, maintenance, and repair services on transmission and distribution network and substation facilities. The commercial and industrial segment provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridges. MYR Group generates the majority of its sales from the United States and Canada.

Executives

Swartz Richard S. Jr.	officer: Group VP	MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210
William Fry	officer: VP, CLO and Secretary	10370 RICHMOND AVE, SUITE 600, HOUSTON TX 77042
Don A. Egan	officer: SVP and COO C&I	12121 GRANT STREET, SUITE 610, THORNTON CO 80241
Maurice E. Moore	director	1100 LATHROP AVENUE, RIVER FOREST IL 60305
Betty R. Johnson	director	1115 CENTRAL AVE #239, NAPLES FL 34103
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210
Jeffrey J. Waneka	officer: SVP and COO C&I	1701 GOLF ROAD, SUITE 3-1012, ROLLING MEADOWS IL 60008
Tod M. Cooper	officer: Senior Vice President	1701 GOLF RD, SUITE 3-1012, ROLLING MEADOWS IL 60008
Bradley Thede Favreau	director	438 CLEARMONT AVE, APT C, BROOKLYN NY 11238
Kelly Michelle Huntington	officer: Senior VP	7575 NORTH PENNSYLVANIA STREET, INDIANAPOLIS IN 46240
Ajoy Hari Karna	director	2501 M ST NW, UNIT 508, WASHINGTON DC 20037
William A Koertner	director, officer: Chairman, President and CEO	MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210
Shirin O'connor	director	3054 CREEKSIDE DRIVE, SENECA SC 29672
William Patterson	director	60 ARDMORE ROAD, HO-HO-KUS NJ 07423
Gary Ronald Johnson	director	6599 PINNACLE DRIVE, EDEN PRAIRIE MN 55346