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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. BlackSky Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $91.7 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. BlackSky Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $91.7 Mil. BlackSky Technology's Total Assets for the quarter that ended in Mar. 2024 was $210.1 Mil. BlackSky Technology's LT-Debt-to-Total-Asset for the quarter that ended in Mar. 2024 was 0.44.
BlackSky Technology's LT-Debt-to-Total-Asset increased from Mar. 2023 (0.33) to Mar. 2024 (0.44). It may suggest that BlackSky Technology is progressively becoming more dependent on debt to grow their business.
The historical data trend for BlackSky Technology'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.
BlackSky Technology Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Long-Term Debt & Capital Lease Obligation | 84.87 | 71.41 | 79.35 | 86.54 |
BlackSky Technology Quarterly Data | |||||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 79.41 | 82.52 | 82.79 | 86.54 | 91.69 |
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.
BlackSky Technology (NYSE:BKSY) 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.
BlackSky Technology's LT-Debt-to-Total-Asset ratio for the quarter that ended in Mar. 2024 is calculated as:
LT-Debt-to-Total-Asset (Q: Mar. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 ) | / | Total Assets (Q: Mar. 2024 ) |
= | 91.692 | / | 210.113 | |
= | 0.44 |
* 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
Thank you for viewing the detailed overview of BlackSky Technology's Long-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Tracy Ward | officer: Principal Accounting Officer | 3901 STONECROFT BOULEVARD, C/O INTERSECTIONS INC., CHANTILLY VA 20151 |
Brian E O'toole | director, officer: CEO and President | 2325 DULLES CORNER BLVD., HERNDON VA 20171 |
Henry Edward Dubois | officer: Chief Development Officer | C/O 13241 WOODLAND PARK ROAD, STE 300, HERNDON VA 20171 |
Christiana L Lin | officer: General Counsel & Corp Sec | 11465 SUNSET HILLS ROAD, SUITE 200, RESTON VA 20190 |
Johan G Broekhuysen | officer: Chief Financial Officer | LUMOS NETWORKS CORP., ONE LUMOS PLAZA, WAYNESBORO VA 22980 |
Susan M. Gordon | director | C/O CACI INTERNATIONAL, 1100 N. GLEBE ROAD, 3RD FLOOR, ARLINGTON VA 22201 |
Mithril Lp | 10 percent owner | ONE LETTERMAN DRIVE, BUILDING C SUITE 400, SAN FRANCISCO CA 94129 |
Peter Thiel | 10 percent owner | 9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069 |
S.a. Thales | 10 percent owner | TOUR CARPE DIEM, 31 PLACE, DES COROLLES, ESPLANADE NORD 92400, COURBEVOIE I0 92400 |
Thales Alenia Space Us Investment Llc | 10 percent owner | 1209 ORANGE STREET, WILMINGTON DE 19801 |
Thales Alenia Space S.a.s. | 10 percent owner | 100 BD DU MIDI - 06150, CANNES LA BOCA I0 06150 |
Seahawk Spv Investment Llc | 10 percent owner | 2733 SOUTH CRYSTAL DRIVE, SUITE 1200, ARLINGTON TX 22202 |
Brian G. Daum | officer: Chief Financial Officer | C/O BLACKSKY TECHNOLOGY INC, 13241 WOODLAND PARK ROAD, SUITE 300, HERNDON VA 20271 |
Mithril Gp Lp | 10 percent owner | C/O MITHRIL CAPITAL MANAGEMENT LLC, 600 CONGRESS AVENUE, SUITE 3100, AUSTIN TX 78701 |
Timothy M. Harvey | director | 13241 WOODLAND PARK ROAD, SUITE 300, HERNDON VA 20171 |
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