JL Mag Rare-Earth Co (SZSE:300748) Short-Term Debt & Capital Lease Obligation : ¥408 Mil (As of Dec. 2023)

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What is JL Mag Rare-Earth 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. JL Mag Rare-Earth Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥408 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. JL Mag Rare-Earth Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ¥553 Mil.

JL Mag Rare-Earth Co Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for JL Mag Rare-Earth 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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JL Mag Rare-Earth Co Short-Term Debt & Capital Lease Obligation Chart

JL Mag Rare-Earth Co Annual Data

Trend

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Dec23

Short-Term Debt & Capital Lease Obligation

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320.62

468.99

1,354.35

1,250.17

408.35

JL Mag Rare-Earth Co 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	Get a 7-Day Free Trial															1,250.17	1,327.03	671.35	460.86	408.35

JL Mag Rare-Earth 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

JL Mag Rare-Earth Co Short-Term Debt & Capital Lease Obligation Related Terms

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JL Mag Rare-Earth Co (SZSE:300748) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JL Mag Rare-Earth Co Ltd (SZSE:300748) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

06680:Hong Kong 3KLA:Germany

Address

81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.jlmag.com.cn

JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

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