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Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Anixa Biosciences's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.11 Mil.
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. Anixa Biosciences's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.11 Mil. Anixa Biosciences's Total Assets for the quarter that ended in Jan. 2024 was $25.37 Mil. Anixa Biosciences's LT-Debt-to-Total-Asset for the quarter that ended in Jan. 2024 was 0.00.
Anixa Biosciences's LT-Debt-to-Total-Asset declined from Jan. 2023 (0.01) to Jan. 2024 (0.00). It may suggest that Anixa Biosciences is progressively becoming less dependent on debt to grow their business.
The historical data trend for Anixa Biosciences's Long-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.
Anixa Biosciences Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | - | - | 0.22 | 0.18 | 0.12 |
Anixa Biosciences Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 0.16 | 0.15 | 0.14 | 0.12 | 0.11 |
Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.
Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.
The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.
A company's long term debt may have different dates of maturity and interest rates, depending on the terms.
Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.
Anixa Biosciences (NAS:ANIX) Long-Term Debt & Capital Lease Obligation Explanation
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Anixa Biosciences's LT-Debt-to-Total-Asset ratio for the quarter that ended in Jan. 2024 is calculated as:
LT-Debt-to-Total-Asset (Q: Jan. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 ) | / | Total Assets (Q: Jan. 2024 ) |
= | 0.108 | / | 25.372 | |
= |
* 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.
Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.
We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.
Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)
Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.
BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.
If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the companys earnings power is focused on paying off the debt and not growth.
Important: little or no long term debt often means a Good Long Term Bet
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Amit Kumar | director, officer: Chief Executive Officer | C/O ACACIA RESEARCH CORPORATION, 500 NEWPORT CENTER DRIVE, 7TH FLOOR, NEWPORT BEACH CA 92660 |
Michael Catelani | officer: COO & CFO | 12100 WILSHIRE BOULEVARD, SUITE 1275, LOS ANGELES CA 90025 |
Titterton Lewis H Jr | director | 6 AUTUMN LANE, SARATOGA SPRINGS NY 12866 |
Arnold M Baskies | director | 1235 SEQUOIA ROAD, CHERRY HILL NJ 08003 |
Emily Gottschalk | director | 3150 ALMADEN EXPRESSWAY, SUITE 250, SAN JOSE CA 95118 |
John J Monahan | director | |
David Cavalier | director | C/O AEOLUS PHARMACEUTICALS, INC., 23811 INVERNESS PLACE, LAGUNA NIGUEL CA 92677 |
Richard H Williams | director | C/O QUOKKA SPORTS INC, 525 BRANNAN ST GROUND FL, SAN FRANCISCO CA 94108 |
Dale Fox | director | 929 NOWITA PLACE, VENICE CA 90291 |
Andrea Belz | director | 1011 ALTA VISTA DRIVE, ALTADENA CA 91001 |
Tisha Stender | officer: Chief Operating Officer | 900 WALT WHITMAN ROAD, MELVILLE NY 11747 |
Robert Andrew Berman | officer: President and CEO | C/O ITUS CORPORATION, 12100 WILSHIRE BOULEVARD, SUITE 1275, LOS ANGELES CA 90025 |
John H. Roop | officer: Sr. Vice President-Engineering | C/O COPYTELE, INC., 900 WALT WHITMAN ROAD, MELVILLE NY 11747 |
Bruce F Johnson | director | 20 S. WACKER DR, CHICAGO IL 60606 |
Kent B. Williams | director | C/O COPYTELE INC., 900 WALT WHITMAN ROAD, MELVILLE NY 11747 |
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