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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. Winthrop Realty Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was $549.18 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. Winthrop Realty Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2014 was $549.18 Mil. Winthrop Realty Trust's Total Assets for the quarter that ended in Jun. 2014 was $1,103.17 Mil. Winthrop Realty Trust's LT-Debt-to-Total-Asset for the quarter that ended in Jun. 2014 was 0.50.
Winthrop Realty Trust's LT-Debt-to-Total-Asset increased from Jun. 2013 (0.43) to Jun. 2014 (0.50). It may suggest that Winthrop Realty Trust is progressively becoming more dependent on debt to grow their business.
The historical data trend for Winthrop Realty Trust'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.
Winthrop Realty Trust Annual Data | |||||||||||||||||||||
Trend | Dec04 | Dec05 | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | |||||||||||
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 216.77 | 255.89 | 230.94 | 366.83 | 531.18 |
Winthrop Realty Trust Quarterly Data | ||||||||||||||||||||
Sep09 | Dec09 | Mar10 | Jun10 | Sep10 | Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | |
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 411.28 | 394.30 | 531.18 | 562.67 | 549.18 |
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.
Winthrop Realty Trust (NYSE:FUR) 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.
Winthrop Realty Trust's LT-Debt-to-Total-Asset ratio for the quarter that ended in Jun. 2014 is calculated as:
LT-Debt-to-Total-Asset (Q: Jun. 2014 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Jun. 2014 ) | / | Total Assets (Q: Jun. 2014 ) |
= | 549.179 | / | 1103.167 | |
= | 0.50 |
* 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 Winthrop Realty Trust's Long-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael L Ashner | director, officer: Chairman & CEO | C/O WINTHROP FINANCIAL ASSOCIATES, TWO JERICHO PLAZA WING A, JERICHO NY 11753 |
Carolyn Tiffany | director, officer: President | C/O WINTHROP FINANICAL ASSOCIATES, 7 BULFINCH PLACE, SUITE 500, BOSTON MA 02114 |
Howard Goldberg | director | |
King Street Capital Mgmt Llc | 10 percent owner | 299 PARK AVENUE, 40TH FLOOR, NEW YORK NY 10171 |
Brian J Higgins | 10 percent owner | 65 EAST 55TH STREET, 30TH FLOOR, NEW YORK NY 10022 |
Biondi O Francis Jr | 10 percent owner | 65 EAST 55TH STREET, 30TH FLOOR, NEW YORK NY 10022 |
Talton R Embry | director | C/O MAGTEN ASSET MANAGEMENT CORP, 410 PARK AVENUE, NEW YORK NY 10022 |
Bruce R Berkowitz | director | C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C., 4400 BISCAYNE BOULEVARD, 9TH FLOOR, MIAMI FL 33137 |
William A Ackman | other: Former 10% Owner | 787 - 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019 |
Gotham Partners Lp /ny/ | other: Former 10% owner | 888 SEVENTH AVENUE, 29TH FLOOR, NEW YORK NY 10019 |
Section H Partners L P | other: Fomer 10% Owner | 110 EAST 42ND STREET 18TH FL, NEW YORK NY 10017 |
David P Berkowitz | other: Former 10% Owner | 110 EAST 42ND STREET 18TH FL, NEW YORK NY 10017 |
Gotham Parners Iii L P | other: Former 10% Owner | 888 SEVENTH AVENUE, 29TH FLOOR, NEW YORK NY 10019 |
Gotham International Advisors Llc | other: Former 10% Owner | 888 SEVENTH AVENUE, 29TH FLOOR, NEW YORK NY 10019 |
Karenina Corp | other: Former 10% Owner | 110 EAST 42ND STREET 18TH FLOOR, NEW YORK NY 10017 |
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