Chase (CCF) Long-Term Capital Lease Obligation : $5.1 Mil (As of Aug. 2023)

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What is Chase Long-Term Capital Lease Obligation?

Chase's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was $5.1 Mil.

Chase's quarterly Long-Term Capital Lease Obligation increased from Feb. 2023 ($5.2 Mil) to May. 2023 ($5.4 Mil) but then declined from May. 2023 ($5.4 Mil) to Aug. 2023 ($5.1 Mil).

Chase's annual Long-Term Capital Lease Obligation declined from Aug. 2021 ($7.2 Mil) to Aug. 2022 ($6.6 Mil) and declined from Aug. 2022 ($6.6 Mil) to Aug. 2023 ($5.1 Mil).

Chase Long-Term Capital Lease Obligation Historical Data

The historical data trend for Chase'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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Chase Long-Term Capital Lease Obligation Chart

Chase Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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6.40

7.20

6.62

5.11

Chase Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.62	6.72	5.20	5.45	5.11

Chase (AMEX:CCF) 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.

Chase Long-Term Capital Lease Obligation Related Terms

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Chase (CCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chase Corp (AMEX:CCF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

375 University Avenue, Westwood, MA, USA, 02090

Website

https://www.chasecorp.com

Chase Corp is a specialty chemical company. It operates through the following segments: Adhesives, Sealants and Additives, Industrial Tapes and Corrosion Protection and Waterproofing. The firm generates majority revenue from the Industrial Tapes segment. Its Industrial Tapes segment features legacy wire and cable materials, specialty tapes, and other laminated and coated products. Geographically, it derives a majority of revenue from North America and also has a presence in Asia; Europe, and Other Countries.

Executives

Adam Chase	officer: COO/Vice President	104 ALBION ROAD, WELLESLEY MA 02481
Thomas Jr Wroe	director
Ellen Rubin	director	11 CLEMENTS ROAD, NEWTON MA 02458
Mary Claire Chase	director	115 SUMNER STREET, NEWTON MA 02459
Derby John H. Iii	director	1029 OCEAN BLVD., RYE NH 03870
Jeffery D Haigh	officer: Corporate Secretary	2 SUMMER STREET, NORWOOD MA 02062
Michael J. Bourque	officer: Treasurer & CFO	ANALOGIC CORPORATION, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Lewis P Gack	director	5 LIVINGTON CIRCLE, ANDOVER MA 01810
Peter R Chase	officer: President, CEO	305 GRANGE PARK, BRIDGEWATER MA 02324
Joan Wallace-benjamin	director	175 SANDY VALLEY ROAD, DEDHAM MA 02026
Christian John Talma	officer: Chief Accounting Officer	5 ALHAMBRA RD., WELLESLEY MA 02481
Chad A. Mcdaniel	director	C/O LYDALL, INC., 1 COLONIAL ROAD, MANCHESTER CT 06042
Thomas D. Debyle	director	STANDEX INT'L, 6 MANOR PARKWAY, SALEM NH 03079
Kenneth James Feroldi	officer: CFO/Treasurer	67 KIMBERLEY DRIVE, WAKEFIELD RI 02878
Everett Jr Chadwick	director	20 SOUTH DRIVE, BRIDGEWATER MA 02324