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Exponent (Exponent) Long-Term Capital Lease Obligation

: $22.0 Mil (As of Dec. 2023)
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Exponent's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $22.0 Mil.

Exponent's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($23.0 Mil) to Sep. 2023 ($22.0 Mil) and declined from Sep. 2023 ($22.0 Mil) to Dec. 2023 ($22.0 Mil).

Exponent's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($9.8 Mil) to Dec. 2022 ($13.3 Mil) and increased from Dec. 2022 ($13.3 Mil) to Dec. 2023 ($22.0 Mil).


Exponent Long-Term Capital Lease Obligation Historical Data

The historical data trend for Exponent'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.

Exponent Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.16 14.34 9.81 13.34 21.96

Exponent 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.34 11.55 23.04 21.96 21.96

Exponent  (NAS:EXPO) 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.

Exponent Long-Term Capital Lease Obligation Related Terms

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Exponent (Exponent) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Exponent Inc (NAS:EXPO) » Definitions » Long-Term Capital Lease Obligation
Traded in Other Exchanges
Address
149 Commonwealth Drive, Menlo Park, CA, USA, 94025
Exponent Inc provides engineering and scientific consulting services on a project-by-project basis. The company's consultant team is composed of scientists, physicians, engineers, as well as business and regulatory consultants. The company currently operates through two segments. The engineering and other scientific segments, which accounts for the majority of revenue, provides servicing encompassing biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, etc. The environmental and health segment covers chemical regulation and food safety, ecological and biological sciences, environmental and earth sciences and others. The company generates almost all of its revenues from America.
Executives
Reitman Maureen T. F. officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Bradley A James officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Steven J Murray officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Richard Reiss officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Joseph Rakow officer: Group Vice President 149 COMMONWEATH DRIVE, MENLO PARK CA 94025
Eric Guyer officer: Group Vice Presient 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Harri Kytomaa officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Carol Lindstrom director 5994 SILVERADO TRAIL, NAPA CA 94558
Sally Shepard officer: VP, Human Resources 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
George H. Brown director 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Paul R Johnston officer: Chief Operating Officer EXPONENT INC, 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
John Joseph Doyle officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Schlenker Richard L Jr officer: Chief Financial Officer EPONENT INC, 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
John Pye officer: Group Vice President 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Debra Zumwalt director 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025