Mid-America Apartment Communities (Mid-America Apartment Communities) Short-Term Debt & Capital Lease Obligation

: $495 Mil (As of Dec. 2023)

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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. Mid-America Apartment Communities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $495 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Mid-America Apartment Communities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,073 Mil.

Mid-America Apartment Communities Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Mid-America Apartment Communities'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.

* Premium members only.

Mid-America Apartment Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

70.00

172.00

20.00

495.00

Mid-America Apartment Communities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation																20.00	-	-	-	495.00

Mid-America Apartment Communities 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

Mid-America Apartment Communities Short-Term Debt & Capital Lease Obligation Related Terms

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Mid-America Apartment Communities (Mid-America Apartment Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mid-America Apartment Communities Inc (NYSE:MAA) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MAApI.PFD:USA M2K:Germany M1AA34:Brazil

Address

6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138

Website

https://www.maac.com

Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.

Executives

Bolton H Eric Jr	director, officer: President and Chief Executive
Timothy Argo	officer: EVP, Chief Strategy & Analysis	6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Melanie Carpenter	officer: EVP & CHRO	6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Robert J. Delpriore	officer: EVP, General Counsel	6584 POPLAR AVENUE, MEMPHIS TN 38138
William Reid Sanders	director	C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Tamara D Fischer	director	5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
John Case	director	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Deborah H Caplan	director	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Adrian Hill	officer: EVP, Chief Investment Officer	6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Campbell Albert M Iii	officer: EVP-Director of Finance	6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138
Monica Houle Mcgurk	director	C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Grimes Thomas L Jr	officer: EVP-Director of Property Mgm	6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138
David P Stockert	director	4401 NORTHSIDE PARKWAY, SUITE 800, ATLANTA GA 30327-3057
Green Edith Kelly	director	3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118
Russell R French	director	9 NORTH PARKWAY SQUARE, 4200 NORTHSIDE PARKWAY, ATLANTA GA 30327