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GuruFocus has detected 5 Warning Signs with Cintas Corp $CTAS.
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Cintas Corp (NAS:CTAS)
Current Portion of Long-Term Debt
$363 Mil (As of May. 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. Cintas Corp's short-term debt for the quarter that ended in May. 2017 was $363 Mil.

Long-Term Debt is the debt due more than 12 months in the future. Cintas Corp's long-term debt for the quarter that ended in May. 2017 was $2,771 Mil.


Definition

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


Related Terms

Long-Term Debt


Historical Data

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

Cintas Corp Annual Data

May08May09May10May11May12May13May14May15May16May17
Short-Term Debt 1111226810250363

Cintas Corp Quarterly Data

Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17May17
Short-Term Debt 0025025025025016466399363
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