Titan Machinery (FRA:3TY) Short-Term Debt & Capital Lease Obligation : €978 Mil (As of Apr. 2024)

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What is Titan Machinery Short-Term Debt & Capital Lease Obligation?

Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Titan Machinery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was €978 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Titan Machinery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was €143 Mil.

Titan Machinery Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Titan Machinery's Short-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.

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Titan Machinery Short-Term Debt & Capital Lease Obligation Chart

Titan Machinery Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Short-Term Debt & Capital Lease Obligation

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361.82

155.08

140.36

255.63

843.00

Titan Machinery Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															419.81	557.26	688.08	843.00	978.42

Titan Machinery Short-Term Debt & Capital Lease Obligation Calculation

This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Titan Machinery Short-Term Debt & Capital Lease Obligation Related Terms

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Titan Machinery (FRA:3TY) Business Description

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TITN:USA

Address

644 East Beaton Drive, West Fargo, ND, USA, 58078-2648

Website

https://www.titanmachinery.com

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.

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