Minda (NSE:MINDACORP) Short-Term Debt & Capital Lease Obligation : ₹2,656 Mil (As of Sep. 2024)

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What is Minda 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. Minda's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹2,656 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Minda's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹2,681 Mil.

Minda Short-Term Debt & Capital Lease Obligation Historical Data

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

Minda Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Short-Term Debt & Capital Lease Obligation

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4,675.00

4,046.00

3,242.00

4,066.00

2,434.00

Minda Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															4,525.30	-	2,434.00	-	2,656.00

Minda 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

Minda Short-Term Debt & Capital Lease Obligation Related Terms

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Minda Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minda Corp Ltd (NSE:MINDACORP) » Definitions » Short-Term Debt & Capital Lease Obligation

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538962:India

Address

D-6-11, Sector 59, Noida, UP, IND, 201301

Website

https://www.sparkminda.com

Minda Corp Ltd is a manufacturer of Security Systems, Wiring Harnesses, Couplers and Terminal, Instrument Clusters, Starter Motors & Alternator, Sensors, Die Casting, Interiors, Keys, and Key Duplicating Machines. Group offers products such as lock kits, spares, and locks and ignition switches. Its products cater to two/three-wheelers, passenger vehicles, buses, and commercial vehicles, and its manufacturing facilities are located in India, South East Asia, Europe, and North America. Minda derives revenue through the sale of products to its customers in India and outside India.

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