Midnight Sun Mining (TSXV:MMA) Short-Term Debt & Capital Lease Obligation : C$0.07 Mil (As of Jun. 2024)

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What is Midnight Sun Mining 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. Midnight Sun Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.07 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Midnight Sun Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.28 Mil.

Midnight Sun Mining Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Midnight Sun Mining'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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Midnight Sun Mining Short-Term Debt & Capital Lease Obligation Chart

Midnight Sun Mining Annual Data

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Short-Term Debt & Capital Lease Obligation

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0.02

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0.23

Midnight Sun Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															0.01	-	0.23	0.26	0.07

Midnight Sun Mining 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

Midnight Sun Mining Short-Term Debt & Capital Lease Obligation Related Terms

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Midnight Sun Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Midnight Sun Mining Corp (TSXV:MMA) » Definitions » Short-Term Debt & Capital Lease Obligation

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MDNGF:USA

Address

789 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 1H2

Website

https://www.midnightsunmining.com

Midnight Sun Mining Corp is an exploration-stage company. The company is engaged in the acquisition and exploration of mineral property interests. It focuses on the exploration and discovery of copper deposits in the prolific Zambian-Congo Copperbelt. The company's mineral exploration in Zambia is located directly adjacent to the largest copper mine in Africa - First Quantum Minerals' Kansanshi copper/gold mine. It has one reportable operating segment, which is the acquisition and exploration of mineral properties.

Executives

Allan John Fabbro

10% Security Holder, Director, Senior Officer

Midnight Sun Mining Headlines

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