Ionik (INIKF) Short-Term Debt & Capital Lease Obligation : $28.1 Mil (As of Sep. 2024)

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What is Ionik 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. Ionik's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $28.1 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Ionik's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $96.5 Mil.

Ionik Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Ionik'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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Ionik Short-Term Debt & Capital Lease Obligation Chart

Ionik Annual Data

Trend

Dec19

Dec20

Dec21

Sep22

Dec23

Short-Term Debt & Capital Lease Obligation

8.20

1.41

1.71

8.51

11.71

Ionik Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															8.88	11.71	11.76	12.30	28.11

Ionik 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

Ionik Short-Term Debt & Capital Lease Obligation Related Terms

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Ionik Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ionik Corp (OTCPK:INIKF) » Definitions » Short-Term Debt & Capital Lease Obligation

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INIK:Canada

Address

1 University Avenue, 3rd Floor, Toronto, ON, CAN, M5J 2P1

Website

https://www.ionikgroup.com

Ionik Corp is a data-driven performance marketing technology company focused on assembling the effective and complete suite of advertising, marketing, and monetization solutions for brands, advertisers, and publishers while building an extensive proprietary repository of opted-in first-party data.

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