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GuruFocus has detected 1 Warning Sign with Rite Aid Corp $RAD.
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Rite Aid Corp (NYSE:RAD)
Current Portion of Long-Term Debt
$21 Mil (As of Feb. 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. Rite Aid Corp's short-term debt for the quarter that ended in Feb. 2017 was $21 Mil.

Long-Term Debt is the debt due more than 12 months in the future. Rite Aid Corp's long-term debt for the quarter that ended in Feb. 2017 was $7,307 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.

Rite Aid Corp Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
Short-Term Debt 1864152637937491002721

Rite Aid Corp Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
Short-Term Debt 1121003529292726242321
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