The Mint (The Mint) Short-Term Debt & Capital Lease Obligation

: $0.21 Mil (As of Sep. 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. The Mint's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.21 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. The Mint's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.

The Mint Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for The Mint'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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The Mint Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Short-Term Debt & Capital Lease Obligation

0.25

0.41

1.79

18.98

The Mint Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Short-Term Debt & Capital Lease Obligation																-	-	-	0.16	0.21

The Mint 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

The Mint Short-Term Debt & Capital Lease Obligation Related Terms

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The Mint (The Mint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » The Mint Corp (OTCPK:MITJF) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

MIT:Canada

Address

333 Bay Street, Suite 1700, Toronto, ON, CAN, M5H 2R2

Website

https://www.themintcorp.com

The Mint Corp, through its subsidiaries, is a globally certified payments company focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Group manages the issuance, administration, customer support, payment processing, and set-up and reporting of payroll cards. In addition, it also provides additional services to cardholders, including mobile airtime top-up and mobile payments.

The Mint (The Mint) Headlines

From GuruFocus

Mint Presents at StableView TECH18, a Prominent Canadian Technology Conference

By GlobeNewswire GlobeNewswire • 10-09-2018

Mint Announces Promissory Note Offering to Raise Up to $2,500,000

By GlobeNewswire GlobeNewswire • 08-10-2018

Mint Closes the Debt Conversion Transaction, Strengthens Its Balance Sheet and Reduces Its Debt By $39 Million

By GlobeNewswire GlobeNewswire • 05-31-2018

Mint Announces Private Placement Closing

By GlobeNewswire GlobeNewswire • 08-31-2018

The Mint Corporation to Collaborate with Interac Corp. in UAE

By GlobeNewswire GlobeNewswire • 04-14-2018