Altima Energy (TSXV:ARH) Short-Term Debt & Capital Lease Obligation : C$3.97 Mil (As of Aug. 2024)

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What is Altima Energy 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. Altima Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$3.97 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Altima Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$0.06 Mil.

Altima Energy Short-Term Debt & Capital Lease Obligation Historical Data

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

Altima Energy Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Feb22

Feb23

Feb24

Short-Term Debt & Capital Lease Obligation

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0.47

0.91

1.38

2.04

2.00

Altima Energy Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															2.36	2.55	2.00	2.01	3.97

Altima Energy 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

Altima Energy Short-Term Debt & Capital Lease Obligation Related Terms

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Altima Energy Business Description

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ARSLF:USA

Address

595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5

Website

http://www.altimaresources.ca

Altima Resources Ltd is a junior energy company engaged in the exploration and development of petroleum and natural gas in Canada. The company operates in the petroleum and natural gas industry.

Executives

G & O Energy Investments Ltd.	Director
Simco Services Inc.	Director
Joe Devries	Director

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