NN (NNBR) Long-Term Capital Lease Obligation : $45.8 Mil (As of Mar. 2024)

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What is NN Long-Term Capital Lease Obligation?

NN's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $45.8 Mil.

NN's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($47.8 Mil) to Dec. 2023 ($47.3 Mil) and declined from Dec. 2023 ($47.3 Mil) to Mar. 2024 ($45.8 Mil).

NN's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($51.3 Mil) to Dec. 2022 ($51.4 Mil) but then declined from Dec. 2022 ($51.4 Mil) to Dec. 2023 ($47.3 Mil).

NN Long-Term Capital Lease Obligation Historical Data

The historical data trend for NN'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.

NN Long-Term Capital Lease Obligation Chart

NN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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48.58

55.05

51.30

51.41

47.28

NN Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															50.71	49.15	47.84	47.28	45.80

NN (NAS:NNBR) 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.

NN Long-Term Capital Lease Obligation Related Terms

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NN (NNBR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » NN Inc (NAS:NNBR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NN2:Germany

Address

6210 Ardrey Kell Road, Suite 600, Charlotte, NC, USA, 28277

Website

https://www.nninc.com

NN Inc is a diversified industrial company that combines engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions and components. It operates in two business segments: mobile solutions and power solutions. The mobile solutions segment involves growth in the general industrial and automotive end markets. Its power solutions segment involves growth in the electrical and aerospace and defense end markets. It also operates in China, Mexico, Brazil, Germany, and other countries.

Executives

Rajeev Gautam	director	C/O HONEYWELL, 300 S. TRYON STREET, CHARLOTTE NC 28202
Timothy M. French	officer: Chief Operating Officer	6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277
Joao V Faria	director	1000 EATON BLVD., CLEVELAND OH 44122
Corre Partners Management, Llc	10 percent owner	12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
Harold C Bevis	officer: President and CEO	8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
Wilson Thomas Hampton Jr.	director	PO BOX 807, 663 HWY 60, MONETT MO 65708
Raynard D. Benvenuti	director	6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Shihab A. Kuran	director	6210 ARDREY KELL ROAD, CHARLOTTE NC 28277
Christina Carroll	director	16529 ADLON ROAD, ENCINO CA 91436
Jeri J Harman	director
Corre Opportunities Qualified Master Fund, Lp	10 percent owner	12 EAST 49TH STREET, 40TH FLOOR, NEW YORK NY 10017
Warren A Veltman	officer: SVP/GM Autocam Precision Comp.	2000 WATERS EDGE DRIVE, BUILDING C, SUITE 12, JOHNSON CITY TN 37604
Felcher, Jr. Michael C.	officer: See Remarks	6210 ARDREY KELL ROAD, SUITE 600, CHARLOTTE NC 28277
Eric Hjalmar Soderlund	10 percent owner	12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017
Corre Partners Advisors Llc	10 percent owner	12 EAST 49TH STREET 40TH FLOOR, NEW YORK NY 10017