Servotronics (Servotronics) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2023)

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What is Servotronics Long-Term Capital Lease Obligation?

Servotronics's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil.

Servotronics Long-Term Capital Lease Obligation Historical Data

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

Servotronics Annual Data

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Long-Term Capital Lease Obligation

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Servotronics Quarterly Data
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Servotronics (AMEX:SVT) 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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Servotronics (Servotronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Servotronics Inc (AMEX:SVT) » Definitions » Long-Term Capital Lease Obligation

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Address

1110 Maple Street, Post Office Box 300, Elma, NY, USA, 14059

Website

https://www.servotronics.com

Servotronics Inc is a U.S based company that designs, manufactures, and markets technology products consisting of control components and consumer products, consisting of knives and various types of cutlery and other edged products. The company operates in the segments of Technology Group, which is the key revenue-generating segment, and Consumer Products Group. Technology Group operations involve the design, manufacture, and marketing of servo-control components, which include torque motors, control valves, and actuators, among others for government, commercial and industrial applications. Consumer Products Group operations involve the designing, manufacturing, and marketing of a range of cutlery products for use by consumers and government agencies.

Executives

Robert Fraass	officer: Chief Financial Officer	1110 MAPLE STREET, PO BOX 300, ELMA NY 14059
Kenneth D Trbovich	officer: President	1110 MAPLE STREET, ELMA NY 14059
Estate Of Nicholas D. Trbovich, Sr.	10 percent owner	960 PORTERVILLE ROAD, EAST AURORA NY 14052
Brent D Baird	10 percent owner	1350 ONE M&T PLAZA, BUFFALO NY 14203-2396
Evan H Wax	director	44 CHERRY LANE, MADISON CT 06443
Founders Software, Inc.	10 percent owner	401 EAST AMHERST ST, BUFFALO NY 14215
Snyder Paul L. Iii	10 percent owner	401 EAST AMHERST ST, BUFFALO NY 14215
Beaver Hollow Wellness, Llc	10 percent owner	401 EAST AMHERST ST, BUFFALO NY 14215
Edward C Cosgrove	director	525 DELAWARE AVENUE, BUFFALO NY 14202
Lucion P Gygax	director	1110 MAPLE STREET, ELMA NY 14059
Christopher M Marks	director	360 DELAWARE AVENUE, SUITE 230, BUFFALO NY 14202
Karen L Howard	director	C/O SERVOTRONICS, INC., 1110 MAPLE STREET, ELMA NY 14059
Farrell William F Jr.	director, officer: Chief Executive Officer	1110 MAPLE STREET, PO BOX 300, ELMA NY 14059
Jason T Bear	director	5301 N. COMMERCE AVE., SUITE C, MOORPARK CA 93021
Lisa F Bencel	officer: Chief Financial Officer	1110 MAPLE STREET, ELMA NY 14059