Micromem Technologies (XCNQ:MRM) Short-Term Debt & Capital Lease Obligation : C$5.57 Mil (As of Jul. 2024)

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What is Micromem Technologies 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. Micromem Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$5.57 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Micromem Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.04 Mil.

Micromem Technologies Short-Term Debt & Capital Lease Obligation Historical Data

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

Micromem Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Short-Term Debt & Capital Lease Obligation

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3.43

4.12

3.13

5.26

4.94

Micromem Technologies Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															4.67	4.94	5.08	5.27	5.57

Micromem Technologies 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

Micromem Technologies Short-Term Debt & Capital Lease Obligation Related Terms

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Micromem Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micromem Technologies Inc (XCNQ:MRM) » Definitions » Short-Term Debt & Capital Lease Obligation

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MMTIF:USA

Address

121 Richmond Street West, Suite 602, Toronto, ON, CAN, M5H 2K1

Website

https://www.micromeminc.com

Micromem Technologies Inc develops, based upon proprietary technology, customized sensor applications for companies. The technology has a combination of superior sensitivity, robust structure, cost-effectiveness, and small size enabling a wide variety of applications within multiple industry sectors. Some of the sensors applications are Oil Sensor Solutions, Structural Integrity Sensors, Nanoparticle Detection Solutions and Energy Storage Solutions.

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