Permex Petroleum (XCNQ:OIL) Short-Term Debt & Capital Lease Obligation : C$0.32 Mil (As of Dec. 2023)

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What is Permex Petroleum 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. Permex Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.32 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Permex Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.09 Mil.

Permex Petroleum Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum Short-Term Debt & Capital Lease Obligation Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Short-Term Debt & Capital Lease Obligation

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0.12

0.17

0.19

0.28

Permex Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															0.12	0.11	0.28	0.32	2.20

Permex Petroleum 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

Permex Petroleum Short-Term Debt & Capital Lease Obligation Related Terms

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Permex Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum U.S. Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Scott Kelly	Director, Senior Officer
Barry Leslie Francis Whelan	Director, Senior Officer
Mehran Ehsan	Director, Senior Officer
Earl Gerard Tobin	Deemed Insider - 6 Months before becoming Insider