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Cummins Inc  (NYSE:CMI) Current Portion of Long-Term Debt: $233 Mil (As of Jun. 2017)

Short-Term Debt is the portion of a company's debt that needs to be paid within the next 12 months. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Cummins Inc's short-term debt for the quarter that ended in Jun. 2017 was $233 Mil.

Long-Term Debt & Capital Lease Obligation is the debt due more than 12 months in the future. Cummins Inc's long-term debt for the quarter that ended in Jun. 2017 was $1,564 Mil.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Cummins Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Current Portion of Long-Term Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77.00 68.00 109.00 63.00 288.00

Cummins Inc Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Current Portion of Long-Term Debt 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 257.00 356.00 288.00 369.00 233.00

Calculation

This is the portion of a company's debt that needs to be paid within the next 12 months. 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


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