Video Display (Video Display) Long-Term Capital Lease Obligation : $0.04 Mil (As of Nov. 2023)

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What is Video Display Long-Term Capital Lease Obligation?

Video Display's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.04 Mil.

Video Display's quarterly Long-Term Capital Lease Obligation declined from May. 2023 ($0.13 Mil) to Aug. 2023 ($0.08 Mil) and declined from Aug. 2023 ($0.08 Mil) to Nov. 2023 ($0.04 Mil).

Video Display's annual Long-Term Capital Lease Obligation declined from Feb. 2021 ($0.70 Mil) to Feb. 2022 ($0.40 Mil) and declined from Feb. 2022 ($0.40 Mil) to Feb. 2023 ($0.17 Mil).

Video Display Long-Term Capital Lease Obligation Historical Data

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

Video Display Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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1.09

0.70

0.40

0.17

Video Display Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.21	0.17	0.13	0.08	0.04

Video Display (OTCPK:VIDE) 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.

Video Display Long-Term Capital Lease Obligation Related Terms

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Video Display (Video Display) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Video Display Corp (OTCPK:VIDE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5155 King Street, Cocoa, FL, USA, 32926

Website

https://www.videodisplay.com

Video Display Corp is a provider and manufacturer of video products, components, and systems for the visual display and presentation of electronic information media in a range of requirements and environments. It designs, engineers, manufactures, markets, distributes, and installs display products and systems, from basic components to systems, for Government, military, aerospace, medical, industrial, and commercial organizations. The company operates in one segment which is simulation, training, and display products. Its products lines include Dome Aircraft Simulator Display Systems, Multi-Faceted Aircraft Simulator Display Systems, Video Walls for Broadcast and Control Centers, Rugged Flat Panel Displays and Computers, Projector and Monitor Upgrades, and Projection Screens.

Executives

Ronald D Ordway	director, 10 percent owner, officer: CEO	1868 TUCKER INDL RD, TUCKER GA 30084
Jonathan R Ordway	10 percent owner
David Saunders Cooper	director	2476 OLDFIELD ROAD NW, ATLANTA GA 30327
Lusby Roger Winfield Iii	director	5604 BAHIA MAR CIRCLE, STONE MOUNTAIN GA 30087
Gregory Lee Osborn	director, officer: Chief Financial Officer	1374 CARRINGTON WAY, LAWRENCEVILLE GA 30044
David Allen Heiden	officer: President & COO	6078 WINDSONG WAY, STONE MOUNTAIN GA 30087
Ervin Kuczogi	director	P O BOX 353, WHITE MILLS PA 18473
Michael Delen Boyd	officer: CFO	1451 BEVERLY DRIVE, ATHENS GA 30606
Thibeault Ernest Joseph Iii	director	603 OLD MAMMOTH ROAD, LONDONDERRY NH 03053
Carolyn C Howard	director	279 MOUNTAIN ROAD, JAFFREY NH 03452
Carleton E Sawyer	director	C/O VIDEO DISPLAY CORP, 13 PINE RIDGE RD, LOUDON NH 03307-0830
Murray G Fox	director, officer: CEO - Fox International, Ltd
Carol D Franklin	officer: CFO
Peter Frend	director	1107 LIBERTY SQUARE RD, BOXBOROUGH MA 01719