Shandong Molong Petroleum Machinery Co (SZSE:002490) Short-Term Debt & Capital Lease Obligation : ¥1,633.1 Mil (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co 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. Shandong Molong Petroleum Machinery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥1,633.1 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Shandong Molong Petroleum Machinery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥14.6 Mil.

Shandong Molong Petroleum Machinery Co Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Shandong Molong Petroleum Machinery Co'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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Shandong Molong Petroleum Machinery Co Short-Term Debt & Capital Lease Obligation Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

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Dec23

Short-Term Debt & Capital Lease Obligation

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2,412.15

2,194.01

2,017.92

2,027.79

1,633.11

Shandong Molong Petroleum Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															2,162.01	2,105.48	1,811.80	1,633.11	-

Shandong Molong Petroleum Machinery Co 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

Shandong Molong Petroleum Machinery Co Short-Term Debt & Capital Lease Obligation Related Terms

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Shandong Molong Petroleum Machinery Co (SZSE:002490) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (SZSE:002490) » Definitions » Short-Term Debt & Capital Lease Obligation

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SHANY:USA SHANF:USA 00568:Hong Kong

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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