Forbidden Spirits Distilling (TSXV:VDKA.H) Short-Term Debt & Capital Lease Obligation : C$0.14 Mil (As of Sep. 2022)

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What is Forbidden Spirits Distilling 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. Forbidden Spirits Distilling's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$0.14 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Forbidden Spirits Distilling's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$1.23 Mil.

Forbidden Spirits Distilling Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling Short-Term Debt & Capital Lease Obligation Chart

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

Short-Term Debt & Capital Lease Obligation

0.29

0.77

0.31

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial					-	0.31	0.15	0.15	0.14

Forbidden Spirits Distilling 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

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Forbidden Spirits Distilling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

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Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W 1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits directly to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky. The company's reportable operating segments include the distilling and sale of spirits, the sale of hand sanitizer and merchandise.

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