Faro Technologies (Faro Technologies) Long-Term Capital Lease Obligation : $10.8 Mil (As of Dec. 2023)

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What is Faro Technologies Long-Term Capital Lease Obligation?

Faro Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.8 Mil.

Faro Technologies's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($12.5 Mil) to Sep. 2023 ($11.5 Mil) and declined from Sep. 2023 ($11.5 Mil) to Dec. 2023 ($10.8 Mil).

Faro Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($18.6 Mil) to Dec. 2022 ($14.6 Mil) and declined from Dec. 2022 ($14.6 Mil) to Dec. 2023 ($10.8 Mil).

Faro Technologies Long-Term Capital Lease Obligation Historical Data

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

Faro Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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13.70

22.13

18.65

14.65

10.84

Faro Technologies 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															14.65	13.29	12.46	11.50	10.84

Faro Technologies (NAS:FARO) 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.

Faro Technologies Long-Term Capital Lease Obligation Related Terms

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Faro Technologies (Faro Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Faro Technologies Inc (NAS:FARO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FT1:Germany

Address

250 Technology Park, Lake Mary, FL, USA, 32746

Website

https://www.faro.com

Faro Technologies Inc is a global technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.

Executives

Alexander M Davern	director	C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG C, AUSTIN TX 78759
Peter James Lau	director, officer: President and CEO	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Rotterdam Jeroen Van	director	851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Yuval Wasserman	director	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Stephen Cole	director	125 TECHNOLOGY PARK, LAKE MARY FL 32746
John Donofrio	director	ONE VILLAGE CENTER ROAD, VAN BUREN TOWNSHIP MI 48111
Jawad A Ahsan	director	17800 N 85TH ST, SCOTTSDALE AZ 85255
Jeffrey D Sexton	officer: Vice President of Global Sales	1519 MONTEVAL PLACE, SAN JOSE CA 95120
Rajani Ramanathan	director	C/O GUIDEWIRE SOFTWARE, INC., 2850 S DELAWARE STREET, S-400, SAN MATEO CA 94403
Moonhie Chin	director	AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Kevin Beadle	officer: Senior Vice President, Sales	1601 S. MOPAC EXPRESSWAY, SUITE 100, AUSTIN TX 78746
Katrona Tyrrell	officer: Chief People Officer	C/O FARO TECHNOLOGIES, INC., 250 TECHNOLOGY PARK, LAKE MARY FL 32746
Yazid Tohme	officer: Chief R&D Officer	C/O FARO TECHNOLOGIES, INC., 250 TECHNOLOGY PARK, LAKE MARY FL 32746
Allen L. Muhich	officer: Chief Financial Officer	250 TECHNOLOGY PARK, LAKE MARY FL 32746
Michael D Burger	director, officer: President and CEO	250 TECHNOLOGY PARK, LAKE MARY FL 32746