Short-term share of debt (ST debt share)
How much of total borrowing falls due within a year.
Refinancing risk is what actually kills solvent companies. A large near-term maturity in a closed credit market is fatal.
How it is computed here
Short-term debt / total debt x 100
Measured over the latest complete fiscal year, as filed. Filed under risk. Lower is the stronger reading, other things equal.
No published threshold exists for this figure, so this page prints none. Read it against the company's own history and its peers instead.
When it misleads
- A high share is normal and harmless for companies that use revolving facilities as working capital.
- Says nothing about whether the facility is committed and undrawn.
Questions
How is short-term share of debt calculated?
Short-term debt / total debt x 100. Measured over the latest complete fiscal year, as filed.
What does short-term share of debt tell a value investor?
Refinancing risk is what actually kills solvent companies. A large near-term maturity in a closed credit market is fatal.
When does short-term share of debt mislead?
A high share is normal and harmless for companies that use revolving facilities as working capital. Says nothing about whether the facility is committed and undrawn.