Smartgroup (ASX:SIQ) Short-Term Debt & Capital Lease Obligation : A$5.9 Mil (As of Dec. 2023)

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What is Smartgroup 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. Smartgroup's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.9 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Smartgroup's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$66.4 Mil.

Smartgroup Short-Term Debt & Capital Lease Obligation Historical Data

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

Smartgroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

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4.71

3.74

5.09

5.97

5.87

Smartgroup Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial														5.09	6.31	5.97	-	5.87

Smartgroup 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

Smartgroup Short-Term Debt & Capital Lease Obligation Related Terms

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Smartgroup (ASX:SIQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Smartgroup Corporation Ltd (ASX:SIQ) » Definitions » Short-Term Debt & Capital Lease Obligation

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STGXF:USA

Address

133 Castlereagh Street, National Head Office, Level 8, Sydney, NSW, AUS, 2000

Website

http://www.smartgroup.com.au

Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are: outsourced administration, or OA, vehicle services, or VS, and software, distribution and group services, or SDGS. Bulk of the group's revenue is generated from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. VS segment provides end-to-end vehicle fleet management services.

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