SIC Insurance Co (XGHA:SIC) Short-Term Debt & Capital Lease Obligation : GHS18.4 Mil (As of Dec. 2021)

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What is SIC Insurance Co 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. SIC Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was GHS18.4 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. SIC Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was GHS2.7 Mil.

SIC Insurance Co Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for SIC Insurance Co'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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SIC Insurance Co Short-Term Debt & Capital Lease Obligation Chart

SIC Insurance Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Short-Term Debt & Capital Lease Obligation

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29.31

12.92

6.77

18.35

12.56

SIC Insurance Co Quarterly Data
	Dec15	Dec16	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															3.46	8.03	7.60	18.35	12.56

SIC Insurance Co 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

SIC Insurance Co Short-Term Debt & Capital Lease Obligation Related Terms

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SIC Insurance Co (XGHA:SIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SIC Insurance Co Ltd (XGHA:SIC) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

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Address

28/29 Ring Road East, Nyemitei House, P. O. Box 2363, Osu, Accra, GHA

Website

https://www.sic-gh.com

SIC Insurance Co Ltd is a Ghana-based insurance company. It offers non-life insurance products including Motor insurance, Fire insurance, Marine and aviation insurance; and Accident insurance. Along with its subsidiaries, the company also issues a diversified portfolio of investment services to provide its customers with asset management solutions for their savings and retirement needs as well as undertaking brokerage services and corporate finance. The firm operates in Ghana. The company generates the majority of its revenue from Fire Insurance.