Transcat (Transcat) Long-Term Capital Lease Obligation : $14.5 Mil (As of Dec. 2023)

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What is Transcat Long-Term Capital Lease Obligation?

Transcat's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.5 Mil.

Transcat's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($14.2 Mil) to Sep. 2023 ($14.5 Mil) but then declined from Sep. 2023 ($14.5 Mil) to Dec. 2023 ($14.5 Mil).

Transcat's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($8.0 Mil) to Mar. 2022 ($9.2 Mil) and increased from Mar. 2022 ($9.2 Mil) to Mar. 2023 ($13.0 Mil).

Transcat Long-Term Capital Lease Obligation Historical Data

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

Transcat Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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6.83

7.96

9.19

12.96

Transcat 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															13.00	12.96	14.17	14.53	14.46

Transcat (NAS:TRNS) 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.

Transcat Long-Term Capital Lease Obligation Related Terms

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Transcat (Transcat) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Transcat Inc (NAS:TRNS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Vantage Point Drive, Rochester, NY, USA, 14624

Website

https://www.transcat.com

Transcat Inc is involved in providing calibration and laboratory instrument services and distribution of test, measurement, and control instrumentation. Its product and services portfolio consists of calibration instruments, dimensional measuring tools, Electrical test instruments, pressure measurement, etc. The firm has Service and Distribution operating segments. It derives the majority of its revenues from the Service segment. The firm promotes and sells its products under brand names such as Estech, FLIR, Fluke, Keysight, and Megger among others. It serves to pharmaceutical, industrial manufacturing, energy, and chemical process industries.

Executives

Lee D. Rudow	officer: Chief Operating Officer	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
James M. Jenkins	officer: Gen Counsel & VP of Corp Devt	1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Craig D. Cairns	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Dawn Deperrior	director	45 SOUTH MAIN STREET, FAIRPORT NY 14450
Christopher P. Gillette	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Charles P Hadeed	officer: VP-Finance and CFO	35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Scott Deverell	other: Principal Accounting Officer	100 CHESTNUT STREET, SUITE 600, ROCHESTER NY 14604
Richard J Harrison	director	44 SOUTHERN PARKWAY, ROCHESTER NY 14618
Theresa A. Conroy	officer: VP, Human Resources	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Cynthia Langston	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Thomas L Barbato	officer: Sr. VP Finance & CFO	105 NORTON STREET, NEWARK NY 14513
Carl E Sassano	director, officer: Chairman, President and CEO	C/O MEDIFAST, INC., 3600 CRONDALL LANE, OWINGS MILLS MD 21117
Gary J. Haseley	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Michael W. West	officer: VP Distribution & Marketing	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Mbago M. Kaniki	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624