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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. Advent Technologies Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.23 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. Advent Technologies Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.23 Mil. Advent Technologies Holdings's Total Assets for the quarter that ended in Dec. 2023 was $34.74 Mil. Advent Technologies Holdings's LT-Debt-to-Total-Asset for the quarter that ended in Dec. 2023 was 0.24.
Advent Technologies Holdings's LT-Debt-to-Total-Asset increased from Dec. 2022 (0.11) to Dec. 2023 (0.24). It may suggest that Advent Technologies Holdings is progressively becoming more dependent on debt to grow their business.
The historical data trend for Advent Technologies Holdings'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.
Advent Technologies Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Long-Term Debt & Capital Lease Obligation | - | 0.04 | 0.14 | 9.80 | 8.23 |
Advent Technologies Holdings Quarterly Data | ||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Long-Term Debt & Capital Lease Obligation | Get a 7-Day Free Trial | 9.80 | 9.41 | 9.04 | 8.77 | 8.23 |
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.
Advent Technologies Holdings (NAS:ADN) 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.
Advent Technologies Holdings's LT-Debt-to-Total-Asset ratio for the quarter that ended in Dec. 2023 is calculated as:
LT-Debt-to-Total-Asset (Q: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 ) | / | Total Assets (Q: Dec. 2023 ) |
= | 8.23 | / | 34.737 | |
= | 0.24 |
* 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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Vassilios Gregoriou | director, 10 percent owner, officer: Chairman and CEO | ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138 |
Kevin L. Brackman | officer: Chief Financial Officer | 1293 SOUTH MAIN STREET, AKRON OH 44301 |
James F. Coffey | officer: COO and General Counsel | ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138 |
De Castro Emory Sayre | director, officer: Chief Technology Officer | ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138 |
Von Mcconnell | director | 200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116 |
Panoraia Gourdoupi | director | 200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116 |
Wayne Threatt | director | 200 CLARENDON STREET, BOSTON MA 02116 |
Lawrence Epstein | director | 1200 CLARENDON STREET, BOSTON MA 02116 |
Clark Lawrence M Jr | director | C/O PAUL,WEISS,RIFKIND,WHARTON &, GARRISON LLP,1285 AVENUE OF THE AMERICAS, NEW YORK NY 10019-6064 |
Anggelos Skutaris | director | ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138 |
Katherine E. Fleming | director | ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138 |
Katrina Fritz | director | ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138 |
Christos Kaskavelis | officer: Chief Marketing Officer | SYNTAGMATARCHOU DAVAKI 1, FILOTHEI J3 15237 |
John Hunter William | director, officer: President and CFO | 930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451 |
Adage Capital Partners Gp, L.l.c. | 10 percent owner | 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116 |
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