Willdan Group (Willdan Group) Long-Term Capital Lease Obligation : $11.1 Mil (As of Mar. 2024)

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What is Willdan Group Long-Term Capital Lease Obligation?

Willdan Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $11.1 Mil.

Willdan Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($11.1 Mil) to Dec. 2023 ($10.9 Mil) but then increased from Dec. 2023 ($10.9 Mil) to Mar. 2024 ($11.1 Mil).

Willdan Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($11.5 Mil) to Dec. 2022 ($10.2 Mil) but then increased from Dec. 2022 ($10.2 Mil) to Dec. 2023 ($10.9 Mil).

Willdan Group Long-Term Capital Lease Obligation Historical Data

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

Willdan Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.60

15.89

11.55

10.20

10.94

Willdan Group 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															11.15	11.98	11.08	10.94	11.06

Willdan Group (NAS:WLDN) 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.

Willdan Group Long-Term Capital Lease Obligation Related Terms

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Willdan Group (Willdan Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Willdan Group Inc (NAS:WLDN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

J2A:Germany J2A:Germany

Address

2401 East Katella Avenue, Suite 300, Anaheim, CA, USA, 92806

Website

https://www.willdan.com

Willdan Group Inc is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. It operates in the business segments of Energy and Engineering and Consulting. It generates the majority of its revenue from the Energy segment, which includes services such as audit and surveys, program design, master planning, benchmarking analyses, design engineering, construction management, performance contracting, installation, advances in software and data analytics, and other services. All of its revenue is derived from the domestic market.

Executives

Creighton K Early	officer: Vice President and CFO	C/O WILLDAN GROUP INC., 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806
Michael A Bieber	officer: SVP, Corporate Development	3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Thomas Donald Brisbin	director, officer: President and CEO	2401 E. KATELLA AVENUE, #300, ANAHEIM CA 92806
Micah Chen	officer: General Counsel	2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806
Forager Fund, L.p.	10 percent owner	C/O FORAGER CAPITAL MANAGEMENT, LLC, 2024 3RD AVE N SUITE 201, BIRMINGHAM AL 35203
Robert Symmes Macarthur	10 percent owner	C/O FORAGER CAPITAL MANAGEMENT, LLC, 2024 3RD AVE. N, SUITE 201, BIRMINGHAM AL 35203
Edward Urban Kissel	10 percent owner	C/O FORAGER CAPITAL MANAGEMENT, LLC, 2024 3RD AVE. N, SUITE 201, BIRMINGHAM AL 35203
Mohammad Shahidehpour	director	2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806
Keith W Renken	director	PACIFIC GULF PROPERTIES INC, 4220 VON KARMAN SECOND FLOOR, NEWPORT BEACH CA 92660-2002
Dennis V Mcginn	director	46415 MILLSTONE LANDING ROAD, LEXINGTON PARK MD 20653
Paul Milton Whitelaw	officer: SVP, Business Development	2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806
Wanda Kay Reder	director	C/O WILLDAN GROUP, 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806
Adam C Procell	officer: EVP, Chief Strategy Officer	C/O WILLDAN, 12401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806
Cynthia Downes	director	C/O WILLDAN GROUP, INC., 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806
Stacy B. Mclaughlin	officer: Chief Financial Officer	2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 92806