Converge Technology Solutions (STU:0ZB) Short-Term Debt & Capital Lease Obligation : €1 Mil (As of Dec. 2023)

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What is Converge Technology Solutions 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. Converge Technology Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Converge Technology Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €258 Mil.

Converge Technology Solutions Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Converge Technology Solutions'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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Converge Technology Solutions Short-Term Debt & Capital Lease Obligation Chart

Converge Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

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103.11

85.53

0.56

293.05

1.14

Converge Technology Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															293.05	314.15	0.28	0.08	1.14

Converge Technology Solutions 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

Converge Technology Solutions Short-Term Debt & Capital Lease Obligation Related Terms

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Converge Technology Solutions (STU:0ZB) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (STU:0ZB) » Definitions » Short-Term Debt & Capital Lease Obligation

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CTSDF:USA CTS:Canada

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2T6

Website

https://www.convergetp.com

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

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