Majestic Gold (TSXV:MJS) Short-Term Debt & Capital Lease Obligation : C$5.72 Mil (As of Dec. 2023)

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What is Majestic Gold 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. Majestic Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.72 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Majestic Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil.

Majestic Gold Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Majestic Gold'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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Majestic Gold Short-Term Debt & Capital Lease Obligation Chart

Majestic Gold Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

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22.23

5.89

6.06

5.89

5.72

Majestic Gold Quarterly Data
	Sep18	Dec18	Mar19	Jun19	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															5.89	6.01	5.55	5.69	5.72

Majestic Gold 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

Majestic Gold Short-Term Debt & Capital Lease Obligation Related Terms

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Majestic Gold (TSXV:MJS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Majestic Gold Corp (TSXV:MJS) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

MJGCF:USA MJT:Germany

Address

306 - 1688 152nd Street, Surrey, BC, CAN, V4A 4N2

Website

https://www.majesticgold.com

Majestic Gold Corp is a mining company focused on the exploration, development and operation of mining properties in China, Australia and Canada. The company operates the Songjiagou open-pit gold mine in the eastern Chinese province of Shandong.

Executives

James Mackie

Senior Officer

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