Mestek (Mestek) Long-Term Capital Lease Obligation : $10.7 Mil (As of Sep. 2023)

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What is Mestek Long-Term Capital Lease Obligation?

Mestek's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $10.7 Mil.

Mestek's quarterly Long-Term Capital Lease Obligation stayed the same from Sep. 2018 ($0.0 Mil) to Sep. 2022 ($0.0 Mil) but then increased from Sep. 2022 ($0.0 Mil) to Sep. 2023 ($10.7 Mil).

Mestek Long-Term Capital Lease Obligation Historical Data

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

Mestek Annual Data

Trend

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Long-Term Capital Lease Obligation

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Mestek Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Sep22	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	10.66

Mestek (OTCPK:MCCK) 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.

Mestek Long-Term Capital Lease Obligation Related Terms

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Mestek (Mestek) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mestek Inc (OTCPK:MCCK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

260 North Elm Street, Westfield, MA, USA, 1085

Website

https://www.mestek.com

Mestek Inc and its subsidiaries operate in two manufacturing business segments: heating, ventilating, and air conditioning equipment (HVAC) including architectural products, and metal forming equipment. The company manufactures its HVAC equipment and metal forming equipment at twelve factory locations and sells through an established distributor, dealer, and manufacturer's representative channels, in the United States and Canada. Geographically, it derives a majority of its revenue from North America and also has a presence in Europe, Asia, Mexico, and the Rest of the World.

Executives

J Nicholas Filler

officer: Senior Vice President

455 MATHEWS ROAD, CONWAY MA 01341

Mestek (Mestek) Headlines

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