The Eastern Co (The Eastern Co) Long-Term Capital Lease Obligation : $13.5 Mil (As of Dec. 2023)

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What is The Eastern Co Long-Term Capital Lease Obligation?

The Eastern Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.5 Mil.

The Eastern Co's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($13.9 Mil) to Sep. 2023 ($13.0 Mil) but then increased from Sep. 2023 ($13.0 Mil) to Dec. 2023 ($13.5 Mil).

The Eastern Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($8.6 Mil) to Dec. 2022 ($9.2 Mil) and increased from Dec. 2022 ($9.2 Mil) to Dec. 2023 ($13.5 Mil).

The Eastern Co Long-Term Capital Lease Obligation Historical Data

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

The Eastern Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.38

9.81

8.64

9.20

13.54

The Eastern Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.20	9.40	13.88	13.05	13.54

The Eastern Co (NAS:EML) 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.

The Eastern Co Long-Term Capital Lease Obligation Related Terms

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The Eastern Co (The Eastern Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Eastern Co (NAS:EML) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Enterprise Drive, Suite 408, Shelton, CT, USA, 06484

Website

https://www.easterncompany.com

The Eastern Co manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. It operates in United States and Other Countries, and generates majority of the revenue from United States.

Executives

Frederick D. Disanto	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
Mark Anthony Hernandez	director	112 BRIDGE STREET, NAUGATUCK CT 06770
Michael J Mardy	director
Charles W Henry	director	62 TUNXIS VILLAGE, FARMINGTON CT 06032
James A Mitarotonda	director, 10 percent owner	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Nicholas Alec Vlahos	officer: Chief Financial Officer	3 ENTERPRISE DRIVE SUITE 408, SHELTON CT 06484
Peter S. O'hara	officer: Chief Financial Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Barington Capital Group L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Equity Partners L P	director, 10 percent owner	888 SEVENTH AVENUE, 6TH FLOOR, NEW YORK NY 10019
Barington Companies Investors, Llc	director, 10 percent owner	C/O BARINGTON CAPITAL GROUP, L.P., 888 SEVENTH AVENUE, 17TH FLOOR, NEW YORK NY 10019
James P. Woidke	officer: Chief Operating Officer	112 BRIDGE STREET, NAUGATUCK CT 06770
Sullivan John L Iii	officer: VP, Sect'y and Treas	13 CEDAR DRIVE, CROMWELL CT 06416
August M. Vlak	officer: President & CEO	112 BRIDGE STREET, NAUGATUCK CT 06770
Peggy Scott	director	15438 NORTH FLORIDA AVENUE, SUITE 201, TAMPA FL 33613
Angelo Labbadia	officer: Vice President & COO	230 SYCAMORE DRIVE, PROSPECT CT 06712