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Compx International (Compx International) Long-Term Capital Lease Obligation

: $0.0 Mil (As of Dec. 2023)
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Compx International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil.


Compx International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Compx International'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.

* Premium members only.

Compx International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Compx International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Compx International  (AMEX:CIX) 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.

Compx International Long-Term Capital Lease Obligation Related Terms

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Compx International (Compx International) Business Description

Traded in Other Exchanges
N/A
Address
5430 LBJ Freeway, Suite 1700, Dallas, TX, USA, 75240-2620
Compx International Inc is a manufacturer of security products. Its security products are primarily used in recreational transportation, postal, office & institutional furniture, cabinetry, tool storage, healthcare, and a variety of other industries. Also, it is engaged in the manufacturing of stainless steel exhaust systems, gauges, throttle controls, and trim tabs for the recreational marine industry. The company's operating segment includes Security Products and Marine Components. The company generates maximum revenue from the Security Products segment, which manufactures mechanical and electrical cabinet locks and other locking mechanisms. Its geographical segments are the United States, Canada, Mexico, and others, of which the United States accounts for the vast majority of revenue.
Executives
Gina A. Norris director 1329 MILLWOOD ROAD, MCKINNEY TX 75069
Ann Manix director 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Kevin B Kramer director C/O STONERIGDGE INC., 9400 E. MARKET ST, WARREN OH 44484
Andrew B Nace officer: Vice President 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Kristin B Mccoy officer: EVP, Tax 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Bryan A. Hanley officer: Vice President and Treasurer 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Amy A. Samford officer: Vice President and CFO 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Mary A. Tidlund director 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Bart W Reichert officer: Vice President, Internal Audit 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Michael Shawn Simmons officer: SVP & Chief Financial Officer 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Darci B Scott officer: Vice President, Tax 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Robert D Graham officer: Executive Vice President 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Amy E. Ruf officer: Vice President and Controller 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Terri Herrington director C/O CONTRAN CORPORATION, 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Jane Rast Grimm officer: VP and Secretary 5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240

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