Progressive (BSP:P1GR34) Short-Term Debt & Capital Lease Obligation : R$0 Mil (As of Dec. 2023)

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What is Progressive 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. Progressive's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$0 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Progressive's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$33,753 Mil.

Progressive Short-Term Debt & Capital Lease Obligation Historical Data

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

Progressive Annual Data

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Short-Term Debt & Capital Lease Obligation

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Progressive Quarterly Data
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Progressive 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

Progressive Short-Term Debt & Capital Lease Obligation Related Terms

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Progressive (BSP:P1GR34) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (BSP:P1GR34) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

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PGR:USA PGR:Mexico PGV:Germany PGV:Germany

Address

6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143

Website

https://www.progressive.com

Progressive underwrites private and commercial auto insurance and specialty lines; it has about 18 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

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