Mechanics Bank (Mechanics Bank) Short-Term Debt & Capital Lease Obligation : $0.0 Mil (As of Dec. 2022)

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What is Mechanics Bank 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. Mechanics Bank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.0 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Mechanics Bank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $331.0 Mil.

Mechanics Bank Short-Term Debt & Capital Lease Obligation Historical Data

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

Mechanics Bank Annual Data

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Short-Term Debt & Capital Lease Obligation

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Mechanics Bank Semi-Annual Data
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Mechanics Bank 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

Mechanics Bank Short-Term Debt & Capital Lease Obligation Related Terms

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Mechanics Bank (Mechanics Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mechanics Bank (OTCPK:MCHB) » Definitions » Short-Term Debt & Capital Lease Obligation

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Address

3170 Hilltop Mall Road, Richmond, CA, USA, 94806

Website

https://www.mechanicsbank.com

Mechanics Bank operates as a community bank in California. The bank provides personal banking, business banking, trust, and estate services, brokerage, and wealth management services. The bank operates a network of retail banking branches, as well as regional commercial lending and wealth management offices throughout the state of California. The bank also engages in indirect automobile lending activities including origination, securitization, and servicing of new and pre-owned retail automobile sales contracts from both franchised and independent automobile dealerships.

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