Prospect Ridge Resources (XCNQ:PRR) Short-Term Debt & Capital Lease Obligation : C$0.09 Mil (As of Feb. 2024)

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What is Prospect Ridge Resources 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. Prospect Ridge Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.09 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Prospect Ridge Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.14 Mil.

Prospect Ridge Resources Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Prospect Ridge Resources'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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Prospect Ridge Resources Short-Term Debt & Capital Lease Obligation Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Short-Term Debt & Capital Lease Obligation

0.12

0.11

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial								0.02	0.02	0.11	0.09	0.09

Prospect Ridge Resources 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

Prospect Ridge Resources Short-Term Debt & Capital Lease Obligation Related Terms

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Prospect Ridge Resources (XCNQ:PRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (XCNQ:PRR) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PRRSF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.

Executives

Michael Alexander Iverson	Director, Senior Officer
Yan Ducharme	Senior Officer

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