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Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. LQR House's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligation divides by its Total Assets. LQR House's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. LQR House's Total Assets for the quarter that ended in Mar. 2024 was $12.87 Mil. LQR House's LT-Debt-to-Total-Asset for the quarter that ended in Mar. 2024 was 0.00.
LQR House's LT-Debt-to-Total-Asset stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).
The historical data trend for LQR House's Long-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.
LQR House Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Long-Term Debt & Capital Lease Obligation | - | - | - |
LQR House Quarterly Data | |||||||||||
Jun21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | - | 0.01 | - | - | - |
Long-Term Debt is the debt due more than 12 months in the future. The debt can be owed to banks or bondholders. Some companies issue bonds to investors and pay interest on the bonds.
Long-Term Capital Lease Obligation represents the total liability for long-term leases lasting over one year. It's amount equal to the present value (the principal) at the beginning of the lease term less lease payments during the lease term.
The interest paid on companies' debt is reflected in the income statement as interest expense. If a company has too much debt and it cannot serve the interest payment on the debt or repay the matured debt, the company risks bankruptcy. Peter Lynch famously said: A company that does not have debt cannot go bankrupt.
A company's long term debt may have different dates of maturity and interest rates, depending on the terms.
Usually a company issues long term debt to pay for its capital expenditures. Borrowing allows the company to do things that otherwise cannot be done with only the capital it has. But debt can be risky.
LQR House (NAS:LQR) Long-Term Debt & Capital Lease Obligation Explanation
LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
LQR House's LT-Debt-to-Total-Asset ratio for the quarter that ended in Mar. 2024 is calculated as:
LT-Debt-to-Total-Asset (Q: Mar. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 ) | / | Total Assets (Q: Mar. 2024 ) |
= | 0 | / | 12.867 | |
= | 0.00 |
* 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.
Buffett says that durable competitive advantages carry little to no long-term debt because the company is so profitable that even expansions or acquisitions are self financed.
We are interested in long term debt load for the last ten years. If the ten years of operation show little to no long term debt, then the company has some kind of strong competitive advantage.
Warren Buffett's historic purchases indicate that on any given year, the company should have sufficient yearly net earnings to pay all long term within 3 or 4 year earnings period. (e.g. Coke + Moody's = 1yr)
Companies with enough earning power to pay long term debt in less than 3 or 4 years is a good candidate in our search for long term competitive advantage.
BUT, these companies are targets for leveraged buy outs, which saddles the business with long term debt.
If all else indicates the company has a moat, but it has ton of debt, a leveraged buyout may have created the debt. In these cases the company's bonds offer the better bet, in that the companys earnings power is focused on paying off the debt and not growth.
Important: little or no long term debt often means a Good Long Term Bet
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Sean Dollinger | director, 10 percent owner, officer: Chief Executive Officer | 6800 INDIAN CREEK DRIVE, SUITE 1E, MIAMI BEACH FL 33141 |
Gary L Herman | director | 720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019 |
James C. Huber | director | 127 FLORENCE DRIVE, JUPITER FL 33458 |
Kbros, Llc | 10 percent owner | 23658 SAN VICENTE ROAD, RAMONA CA 92065 |
Guy Dollinger | director | 283 RUE PICASSO, DOLLARD-DES-ORMEAUX A8 H9A 3K2 |
Jaclyn Hoffman | officer: Chief Marketing Officer | 166 2ND AVENUE, APT 2A, NEW YORK NY 10003 |
Kumar Abhishek | officer: Chief Financial Officer | 25/3A, RAIL VIHAR, SECTOR 56, GURGAON K7 122002 |
Darren Collins | director | 22 RIVERVIEW ROAD, ALLISTON A6 L9M 1R2 |
Alexandra Hoffman | director | 6800 INDIAN CREEK DRIVE, APT 101, MIAMI BEACH FL 33141 |
James P. O'brien | director | 3000-360 MAIN STREET, WINNIPEG A2 R3C 4G1 |
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