Bel Fuse (Bel Fuse) Long-Term Capital Lease Obligation : $15.7 Mil (As of Mar. 2024)

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What is Bel Fuse Long-Term Capital Lease Obligation?

Bel Fuse's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $15.7 Mil.

Bel Fuse's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($15.6 Mil) to Dec. 2023 ($14.2 Mil) but then increased from Dec. 2023 ($14.2 Mil) to Mar. 2024 ($15.7 Mil).

Bel Fuse's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($14.7 Mil) to Dec. 2022 ($15.7 Mil) but then declined from Dec. 2022 ($15.7 Mil) to Dec. 2023 ($14.2 Mil).

Bel Fuse Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bel Fuse's Long-Term 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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Bel Fuse Long-Term Capital Lease Obligation Chart

Bel Fuse Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.75

8.06

14.67

15.74

14.21

Bel Fuse Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															15.07	16.62	15.55	14.21	15.73

Bel Fuse (NAS:BELFA) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Bel Fuse Long-Term Capital Lease Obligation Related Terms

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Bel Fuse (Bel Fuse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bel Fuse Inc (NAS:BELFA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BELFB:USA BF2B:Germany

Address

206 Van Vorst Street, Jersey City, NJ, USA, 07302

Website

https://www.belfuse.com

Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions & protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.

Executives

Daniel Bernstein	director, officer: President and CEO
Avi D Eden	director
Mark B Segall	director	251 WEST 89TH STREET APT 20, NEW YORK NY 10024
Thomas E Dooley	director	1515 BROADWAY, NEW YORK NY 10036
Bittner Peter G. Iii	officer: Vice President	C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Vincent Vellucci	director	C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Rita V Smith	director	C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Craig Brosious	officer: Vice President of Finance	C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Peter E Gilbert	director
John F Tweedy	director
Robert H Simandl	director
Dennis Ackerman	officer: Vice President - Operations	C/O BEL FUSE INC, 206 VAN VORST STREET, JERSEY NJ 07302
Eric M Nowling	director	STANDARD MICROSYSTEMS CORP, 80 ARKAY DRIVE, HAUPPAUGE NY 11788
Norman L. Yeung	director	C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302
Raymond Cheung	officer: Vice President-Asia Operations	C/O BEL FUSE INC., 206 VAN VORST STREET, JERSEY CITY NJ 07302