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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. VWR's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2017 was $1,860 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. VWR's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2017 was $1,860 Mil. VWR's Total Assets for the quarter that ended in Sep. 2017 was $5,409 Mil. VWR's LT-Debt-to-Total-Asset for the quarter that ended in Sep. 2017 was 0.34.
VWR's LT-Debt-to-Total-Asset declined from Sep. 2016 (0.38) to Sep. 2017 (0.34). It may suggest that VWR is progressively becoming less dependent on debt to grow their business.
The historical data trend for VWR'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.
VWR Annual Data | |||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 2,755.10 | 2,783.40 | 2,004.90 | 1,896.20 | 1,766.90 |
VWR Quarterly Data | ||||||||||||||||||||
Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | |
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 1,897.20 | 1,766.90 | 1,794.50 | 1,841.30 | 1,859.80 |
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.
VWR (NAS:VWR) 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.
VWR's LT-Debt-to-Total-Asset ratio for the quarter that ended in Sep. 2017 is calculated as:
LT-Debt-to-Total-Asset (Q: Sep. 2017 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Sep. 2017 ) | / | Total Assets (Q: Sep. 2017 ) |
= | 1859.8 | / | 5409.1 | |
= | 0.34 |
* 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 VWR's Long-Term Debt & Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.
Madison Dearborn Partners Llc | 10 percent owner | THREE FIRST NATIONAL PLAZA, 70 WEST MADISON STREET, SUITE 4600, CHICAGO IL 60602 |
Gregory L Cowan | officer: See remarks | 1717 ARCH STREET, 35TH FLOOR, PHILADELPHIA PA 19103 |
Edward A Blechschmidt | director | ONE HEALTHSOUTH PARKWAY, BIRMINGHAM AL 35243 |
Douglas J. Pitts | officer: See remarks | 100 MATSONFORD ROAD, RADNOR PA 19087 |
Pamela Forbes Lieberman | director | 3400 N.WOLF ROAD, FRANKLIN PARK IL 60131 |
Robert Zollars | director | 3061 ZANKER RD, SAN JOSEC CA 95134 |
Timothy P Sullivan | director, 10 percent owner | THREE FIRST NATIONAL PLZ, SUITE 3800, CHICAGO IL 60602 |
Nicholas W Alexos | director, 10 percent owner | C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Kraemer Harry M Jansen Jr | director | DENTSPLY SIRONA INC., 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Madison Dearborn Partners V-a&c, L.p. | 10 percent owner | THREE FIRST NATIONAL PLAZA, SUITE 3800, CHICAGO IL 60602 |
Madison Dearborn Capital Partners V Executive-a L P | 10 percent owner | THREE FIRST NATIONAL PLAZA, SUITE 3800, CHICAGO IL 60602 |
Madison Dearborn Capital Partners V - C L P | 10 percent owner | THREE FIRST NATIONAL PLAZA, SUITE 3800, CHICAGO IL 60602 |
Madison Dearborn Capital Partners V - A L P | 10 percent owner | THREE FIRST NATIONAL PLAZA, SUITE 4600, CHICAGO IL 60602 |
Samuel M Mencoff | 10 percent owner | BUCKEYE TECHNOLOGIES INC, 1001 TILLMAN STREET, MEMPHIS TN 38112 |
Paul J Finnegan | 10 percent owner | PO BOX 2000, 3905 DAKOTA STREET SW, ALEXANDRIA MN 56308 |
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