Steiner Leisure (Steiner Leisure) Long-Term Debt & Capital Lease Obligation : $88.0 Mil (As of Sep. 2015)

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What is Steiner Leisure Long-Term Debt & Capital Lease Obligation?

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Steiner Leisure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $88.0 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. Steiner Leisure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2015 was $88.0 Mil. Steiner Leisure's Total Assets for the quarter that ended in Sep. 2015 was $530.1 Mil. Steiner Leisure's LT-Debt-to-Total-Asset for the quarter that ended in Sep. 2015 was 0.17.

Steiner Leisure's LT-Debt-to-Total-Asset increased from Sep. 2014 (0.13) to Sep. 2015 (0.17). It may suggest that Steiner Leisure is progressively becoming more dependent on debt to grow their business.

Steiner Leisure Long-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Steiner Leisure'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.

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Steiner Leisure Long-Term Debt & Capital Lease Obligation Chart

Steiner Leisure Annual Data

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Long-Term Debt & Capital Lease Obligation

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20.00

148.50

123.75

93.14

127.18

Steiner Leisure Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Long-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															96.08	127.18	108.12	101.06	88.00

Steiner Leisure 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.

Steiner Leisure (NAS:STNR) Long-Term Debt & Capital Lease Obligation Explanation

Steiner Leisure's LT-Debt-to-Total-Asset ratio for the quarter that ended in Sep. 2015 is calculated as:

LT-Debt-to-Total-Asset (Q: Sep. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2015 )	/	Total Assets (Q: Sep. 2015 )
	=	88.003	/	530.082
	=	0.17

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 companys 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

Steiner Leisure Long-Term Debt & Capital Lease Obligation Related Terms

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Steiner Leisure (Steiner Leisure) Business Description

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Website

http://www.steinerleisure.com

Steiner Leisure Ltd was incorporated in the Bahamas on November 1995. The Company is engaged in the service of traditional and alternative massage, body and skin treatment options, fitness, acupuncture, medi-spa treatments and laser hair removal. It also develops and markets premium quality beauty products, which are sold at the Company's facilities, through e-commerce and through third-party retail outlets and other channels, and operates post-secondary schools offering massage therapy and related courses. The Company serves cruise ships and third-party land-based venues namely Caesars Entertainment, Carnival Cruise Lines, Costa Cruises, Crystal Cruises, Cunard Cruise Line, Hilton Hotels, Holland America Line, among others. As of February 1, 2014, the Company served 156 cruise ships representing 18 cruise lines, and operated 52 resort spas, 11 urban hotel spas, five day spas and 109 Ideal Image centers. The Company also operates 12 post-secondary schools, comprised of a total of 32 campuses located in Arizona, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Nevada, New Jersey, Pennsylvania, Texas, Utah, Virginia and Washington. The Company provides shipboard services in treatment and fitness facilities located on cruise ships. Its services include massages, facials, microdermabrasion, waxing, aromatherapy treatments, seaweed wraps, aerobic exercise, yoga, Pilates, hair styling, manicures, pedicures and teeth whitening, as well as other beauty and body treatments and services, acupuncture and medi-spa services such as BOTOX Cosmetic, Dysport, Restylane and Perlane. The products sold by the Company include beauty preparations such as lotions aimed at reducing the appearance of aging on skin, aromatherapy oils, cleansers and creams and other facial and skin care preparations, hair care products, moisturizers and lotions, nail care products, footwear and shapewear, including products under the Steiner and Mandara names. The Company sells the products through, among other channels, e-commerce, catalogs, on board the ships, at land-based spas, through department stores and third-party retail outlets and distributors, as well as through salons, mail order and websites, including www.timetospa.com, www.timetospa.co.uk, www.blissworld.com, www.blisslondon.co.uk and www.bodyworkmall.com. The Company operates its business through four reportable segments: Spa Operations, Products, Schools and Laser Hair Removal. Through its Spa Operations segment, it offers massages and a variety of other body treatments, as well as a broad variety of beauty treatments to women, men and teenagers on cruise ships and at land-based spas. As of February 1, 2014, it provided its spa services on 156 ships and at a total of 63 hotel spas located in the United States, the Caribbean, Asia, the Pacific and other locations, and at its day spas in New York City, Coral Gables and London. Through the Products segment, it develops and sells beauty pro

Executives

Robert Lazar	officer: VP - Finance and CAO	770 SOUTH DIXIE HIGHWAY #200, CORAL CABLES FL 33146
Cynthia R Cohen	director	1401 BRICKELL AVENUE, SUITE 640, C/O STRATEGIC MINDSHARE, MIAMI FL 33131
Denise Dickins	director	1867 TRAVIS CIRCLE, WEST PALM BEACH FL 33406
David Harris	director	237 PARK AVENUE - SUITE 900, NEW YORK NY 10017
Leonard I Fluxman	director, officer: President & CEO	STEINER LEISURE LIMITED, 770 S DIXIE HIGHWAY SUITE 200, CORAL GABLES FL 33146
Stephen Lazarus	officer: COO & CFO	C/O STEINER MANAGEMENT SERVICES, 770 S. DIXIE HWY. #200, CORAL GABLES FL 33145
Glenn Fusfield	officer: Pres & COO- Steiner Transocean	STEINER LEISURE LTD, 770 SOUTH DIXIE HIGHWAY SUITE 200, CORAL GABLES FL 33146
Jonathan D Mariner	director	2200 WEST DON TYSON PARKWAY, SPRINGDALE AR 72762
Steiner Leisure Ltd	officer: EVP - Steiner Education Group	STE 104A, SAFFREY SQ, NASSAU C5 00000