Millennial Potash (TSXV:MLP) Short-Term Debt & Capital Lease Obligation : C$0.04 Mil (As of Nov. 2023)

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What is Millennial Potash 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. Millennial Potash's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.04 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Millennial Potash's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.00 Mil.

Millennial Potash Short-Term Debt & Capital Lease Obligation Historical Data

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

Millennial Potash Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Short-Term Debt & Capital Lease Obligation

0.05

0.06

Millennial Potash Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial													0.03	-	-	0.06	0.04

Millennial Potash 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

Millennial Potash Short-Term Debt & Capital Lease Obligation Related Terms

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Millennial Potash (TSXV:MLP) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Potash Corp (TSXV:MLP) » Definitions » Short-Term Debt & Capital Lease Obligation

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MLPNF:USA X0D:Germany X0D:Germany

Address

300-1455 Bellevue Avenue, West Vancouver, Vancouver, BC, CAN, V7T 1C3

Website

https://www.millennialpotash.com

Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.