Preformed Line Products Co (Preformed Line Products Co) Long-Term Capital Lease Obligation : $7.9 Mil (As of Dec. 2023)

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What is Preformed Line Products Co Long-Term Capital Lease Obligation?

Preformed Line Products Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.9 Mil.

Preformed Line Products Co's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($7.5 Mil) to Sep. 2023 ($7.9 Mil) but then declined from Sep. 2023 ($7.9 Mil) to Dec. 2023 ($7.9 Mil).

Preformed Line Products Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($8.2 Mil) to Dec. 2022 ($7.0 Mil) but then increased from Dec. 2022 ($7.0 Mil) to Dec. 2023 ($7.9 Mil).

Preformed Line Products Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Preformed Line Products Co'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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Preformed Line Products Co Long-Term Capital Lease Obligation Chart

Preformed Line Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.25

8.74

8.15

7.02

7.89

Preformed Line Products Co 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															7.02	7.11	7.50	7.91	7.89

Preformed Line Products Co (NAS:PLPC) 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.

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Preformed Line Products Co (Preformed Line Products Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Preformed Line Products Co (NAS:PLPC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

P4L:Germany

Address

660 Beta Drive, Mayfield Village, Cleveland, OH, USA, 44143

Website

https://www.preformed.com

Preformed Line Products Co is a designer and manufacturer of products and systems for constructing and maintaining overhead and underground networks for energy, telecommunication, cable operators, data communication, and other industries. In addition, it provides solar hardware systems and mounting hardware for a variety of solar power applications. Its products consist of Energy Products, Communications Products, and Special Industries Products. The company's majority of the revenue is derived from the sale of products in the United States with operations also in The Americas, Europe, the Middle East and Africa, and Asia-Pacific. The revenue gets driven by Energy products which comprise protecting transmission conductors, spacers, spacer-dampers, and Stockbridge dampers.

Executives

Michael E Gibbons	director	15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799
Katherine E. Wensink	10 percent owner	600 SUPERIOR AVENUE, EAST, SUITE 2100, CLEVELAND OH 44114
Barbara P Ruhlman Irrevocable Trust Dated 7/29/08	10 percent owner	P.O. BOX 91129, CLEVELAND OH 44101
Barbara P Ruhlman Revocable Trust Dated 9/21/16	10 percent owner	660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
Randall M Ruhlman	10 percent owner	C/O PREFORMED LINE PRODUCTS, PO BOX 91129, CLEVELAND OH 44101
Robert G Ruhlman	director, 10 percent owner	C/O BAKER HOSTETLER LLP, 1900 EAST NINTH ST, CLEVELAND OH 44114
Third Restatement Of Barbara P. Ruhlman Trust Agreement, Dated November 20, 2008	10 percent owner	C/O MCDONALD HOPKINS LLC, 600 SUPERIOR AVENUE, EAST SUITE 2100, CLEVELAND OH 44114
Bernard L. Karr	10 percent owner	600 SUPERIOR AVENUE, EAST, SUITE 2100, CLEVELAND OH 44114
Andrew S Klaus	officer: CFO	660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
John J Olenik	officer: VP-Research & Engineering	660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
Timothy O'shaughnessy	officer: V.P. Human Resources	660 BETA DR, MAYFIELD VILLAGE OH 44143
Curlee J Cecil Jr	officer: V.P. - Human Resources	C/O PREFORMED LINE PRODUCTS, PO BOX 91129, CLEVELAND OH 44101
C Sunkle David	officer: VP-Research & Engineering	P.O. BOX 91129, CLEVELAND OH 44101
Michael A Weisbarth	officer: VP-Finance & Treasurer	660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
Barbara P Ruhlman	10 percent owner	C/O BAKER HOSTETLER LLP, 1900 EAST NINTH ST, CLEVELAND OH 44114