GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » KludeIn I Acquisition Corp (NAS:INKAU) » Definitions » Long-Term Debt & Capital Lease Obligation

INKAU (KludeIn I Acquisition) Long-Term Debt & Capital Lease Obligation : $0.42 Mil (As of Dec. 2022)


View and export this data going back to 2021. Start your Free Trial

What is KludeIn I Acquisition Long-Term Debt & Capital Lease Obligation?

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. KludeIn I Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.42 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. KludeIn I Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.42 Mil. KludeIn I Acquisition's Total Assets for the quarter that ended in Dec. 2022 was $107.43 Mil. KludeIn I Acquisition's LT-Debt-to-Total-Asset for the quarter that ended in Dec. 2022 was 0.00.

KludeIn I Acquisition's LT-Debt-to-Total-Asset increased from Dec. 2021 (0.00) to Dec. 2022 (0.00). It may suggest that KludeIn I Acquisition is progressively becoming more dependent on debt to grow their business.


KludeIn I Acquisition Long-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for KludeIn I Acquisition'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.

* Premium members only.

KludeIn I Acquisition Long-Term Debt & Capital Lease Obligation Chart

KludeIn I Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Long-Term Debt & Capital Lease Obligation
- - 0.42

KludeIn I Acquisition Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Long-Term Debt & Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.26 0.53 0.53 0.42

KludeIn I Acquisition Long-Term Debt & Capital Lease Obligation Calculation

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.


KludeIn I Acquisition  (NAS:INKAU) 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.

KludeIn I Acquisition's LT-Debt-to-Total-Asset ratio for the quarter that ended in Dec. 2022 is calculated as:

LT-Debt-to-Total-Asset (Q: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )/Total Assets (Q: Dec. 2022 )
=0.422/107.434
=

* 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 company’s 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


KludeIn I Acquisition Long-Term Debt & Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of KludeIn I Acquisition's Long-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.


KludeIn I Acquisition Business Description

Traded in Other Exchanges
N/A
Address
1096 Keeler Avenue, Berkeley, CA, USA, 94708
Website
KludeIn I Acquisition Corp is a blank check company.
Executives
Blake Ross 10 percent owner 1887 WHITNEY MESA DRIVE, #2070, HENDERSON NV 89014
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Krishnan Rajagopalan director 2001 PENNSYLVANIA AVENUE, SUITE 800, WASHINGTON DC 20006
Mark W Bailey director 10200 S DE ANZA BLVD, CUPERTINO CA 95014
Ashish Gupta officer: Co-President C/O PUBMATIC, INC., 3 LAGOON DRIVE, SUITE 180, REDWOOD CITY CA 94065
Kludein Prime Llc 10 percent owner 855 EL CAMINO REAL #13A-385, PALO ALTO CA 94301
Mary Krishnamoorthy director, officer: Chief Financial Officer 2400 BROADWAY ST. SUITE 230, REDWOOD CITY CA 94063
Narayan Ramachandran director, 10 percent owner, officer: CEO, COB, Co-President 2400 BROADWAY ST. SUITE 230, REDWOOD CITY CA 94063
Sriram Raghavan 10 percent owner 2400 BROADWAY ST. SUITE 230, REDWOOD CITY CA 94063
Madhavan Rangaswami director 2400 BROADWAY ST. SUITE 230, REDWOOD CITY CA 94063