SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'Long-Term Debt' ADMG (Adamant DRI Processing and Minerals Group) Long-Term
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adamant DRI Processing and Minerals Group (OTCPK:ADMG) » Definitions » Long-Term Debt & Capital Lease Obligation

Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Long-Term Debt & Capital Lease Obligation

: $0.00 Mil (As of Sep. 2023)
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Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Adamant DRI Processing and Minerals Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. Adamant DRI Processing and Minerals Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Adamant DRI Processing and Minerals Group's Total Assets for the quarter that ended in Sep. 2023 was $0.07 Mil. Adamant DRI Processing and Minerals Group's LT-Debt-to-Total-Asset for the quarter that ended in Sep. 2023 was 0.00.

Adamant DRI Processing and Minerals Group's LT-Debt-to-Total-Asset stayed the same from Sep. 2022 (0.00) to Sep. 2023 (0.00).

Adamant DRI Processing and Minerals Group Long-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Adamant DRI Processing and Minerals Group's Long-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.

* Premium members only.

Adamant DRI Processing and Minerals Group Annual Data
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Long-Term Debt & Capital Lease Obligation
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Adamant DRI Processing and Minerals Group Quarterly Data
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Long-Term Debt & Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Adamant DRI Processing and Minerals Group Long-Term Debt & Capital Lease Obligation Calculation

Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.

Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.

The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.

A company's long term debt may have different dates of maturity and interest rates, depending on the terms.

Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.

Adamant DRI Processing and Minerals Group  (OTCPK:ADMG) Long-Term Debt & Capital Lease Obligation Explanation

LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Adamant DRI Processing and Minerals Group's LT-Debt-to-Total-Asset ratio for the quarter that ended in Sep. 2023 is calculated as:

LT-Debt-to-Total-Asset (Q: Sep. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )/Total Assets (Q: Sep. 2023 )
=0/0.07
=

* 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.

Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.

We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.

Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)

Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.

BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.

If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the company’s earnings power is focused on paying off the debt and not growth.

Important: little or no long term debt often means a Good Long Term Bet

Adamant DRI Processing and Minerals Group Long-Term Debt & Capital Lease Obligation Related Terms

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Adamant DRI Processing and Minerals Group (Adamant DRI Processing and Minerals Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adamant DRI Processing and Minerals Group (OTCPK:ADMG) » Definitions » Long-Term Debt & Capital Lease Obligation
Comparable Companies
NFTN FORW BUUZ STLY HNRA XITO BLYQ LOGQ TCRI BRLI PBAJ BOM:543385 SCRM CVII SVMB GHIX AACT DWAC SAGA LSE:ADMR
Traded in Other Exchanges
N/A
Address
99 East State Street, No.202, Eagle, ID, USA, 83616
Website
https://www.adamant-dri.com
Adamant DRI Processing and Minerals Group is a shell company.
Executives
Nicholas Aaron Parks director, 10 percent owner, officer: President, Secretary/Treasurer 5010 THORNBROOK RIDGE, COLUMBIA MO 65203
Changqing Han 10 percent owner C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Jiazhen Liu 10 percent owner C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Changkui Zhu director, officer: Chief Executive Officer C/O TARGET ACQUISITIONS I, INC., CHUNSHUGOU LUANZHUANG VLG, ZHUOLU COUNTY, ZHANGJIAKOU, HEBEI PROVINCE F4 075600
Omar Cunha director, 10 percent owner, officer: Vice President UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Van Voorst Vader Peter director, 10 percent owner UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Lawrence Burstein director, 10 percent owner, officer: Secretary and Treasurer C/O UNITY VENTURE CAPITAL ASSOCIATES LTD, 245 FIFTH AVENUE, SUITE 1500, NEW YORK NY 10016
Sidney Levy director, 10 percent owner UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Vincent J Mcgill director C/O EATON & VAN WINKLE LLP, 3 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10016
Nissen Holdings & Co Ltd. 10 percent owner UNITY VENTURE CAPITAL ASSOCIATES LTD., C/O UHF INC., 1270 AVE. OF THE AMERICAS, NEW YORK NY 10020
Ronald C Schmeiser director, officer: President 6015 HOWE STREET, PITTSBURGH PA 15204
Dachris Ltd. 10 percent owner 60 PORT PERRY ROAD, NORTH VERSAILLES PA 15137

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