IEC Electronics (IEC Electronics) Long-Term Capital Lease Obligation : $29.8 Mil (As of Jun. 2021)

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What is IEC Electronics Long-Term Capital Lease Obligation?

IEC Electronics's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2021 was $29.8 Mil.

IEC Electronics's quarterly Long-Term Capital Lease Obligation declined from Dec. 2020 ($29.4 Mil) to Mar. 2021 ($29.0 Mil) but then increased from Mar. 2021 ($29.0 Mil) to Jun. 2021 ($29.8 Mil).

IEC Electronics's annual Long-Term Capital Lease Obligation declined from Sep. 2018 ($7.0 Mil) to Sep. 2019 ($6.7 Mil) but then increased from Sep. 2019 ($6.7 Mil) to Sep. 2020 ($8.6 Mil).

IEC Electronics Long-Term Capital Lease Obligation Historical Data

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

IEC Electronics Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Long-Term Capital Lease Obligation

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5.36

7.03

6.69

8.58

IEC Electronics Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.93	8.58	29.38	28.97	29.83

IEC Electronics (NAS:IEC) 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.

IEC Electronics Long-Term Capital Lease Obligation Related Terms

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IEC Electronics (IEC Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEC Electronics Corp (NAS:IEC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Norton Street, Newark, NY, USA, 14513

Website

https://www.iec-electronics.com

IEC Electronics Corp operates in an electronics contract manufacturing services (EMS) industry. It provides electronic manufacturing services to advanced technology companies primarily in the medical, industrial, aerospace and defense sectors. Its offerings include on-site analytical testing laboratories, custom design, and test engineering services. The firm also offers a broad array of manufacturing services encompassing electronics, interconnect solutions and precision metalworking. The majority of its revenue is derived from the sale of electronic products.

Executives

Jeremy R Nowak	director	C/O API TECHNOLOGIES CORP ONE NORTH WACKER DRIVE SUITE 4400 CHICAGO IL 60606
Charles P Hadeed	director	35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Jeffrey T Schlarbaum	director, officer: President and CEO	105 NORTON STREET, NEWARK NY 14513
Michael W Osborne	director	105 NORTON STREET NEWARK NY 14513
Andrew M Laurence	director	C/O API TECHNOLOGIES CORP., ONE NORTH WACKER DRIVE SUITE 4400, CHICAGO IL 60606
Keith M Butler	director	105 NORTON STREET NEWARK NY 14513
Thomas L Barbato	officer: CFO	105 NORTON STREET, NEWARK NY 14513
Lynn J Hartrick	director	105 NORTON STREET NEWARK NY 14513
Michael Thomas Williams	officer: VP, Finance and CFO	54 BARCHAN DUNE RISE VICTOR NY 14564
Jens Hauvn	officer: SVP, Operations	C/O IEC ELECTRONICS CORP. 105 NORTON STREET NEWARK NY 14513
Eric Singer	director	323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160
W Barry Gilbert	officer: CEO & Chairman of the Board	C/O IEC ELECTRONICS CORP. NEWARK NY 14513
Brett Eugene Mancini	officer: VP Bus Devel & Eng Serv	12 SANDPIPER LANE PITTSFORD NY 14534
John Carlton Johnson	director	24450 MEADOW ROAD PO BOX 1093 CLARK CO 80428
Florence Distefano Hudson	director	1 WINSOR PLACE PURCHASE NY 10577