Motorcar Parts of America (FRA:54M) Long-Term Capital Lease Obligation : €67.6 Mil (As of Dec. 2023)

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What is Motorcar Parts of America Long-Term Capital Lease Obligation?

Motorcar Parts of America's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €67.6 Mil.

Motorcar Parts of America's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€71.1 Mil) to Sep. 2023 (€70.9 Mil) and declined from Sep. 2023 (€70.9 Mil) to Dec. 2023 (€67.6 Mil).

Motorcar Parts of America's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (€59.3 Mil) to Mar. 2022 (€73.4 Mil) and increased from Mar. 2022 (€73.4 Mil) to Mar. 2023 (€74.1 Mil).

Motorcar Parts of America Long-Term Capital Lease Obligation Historical Data

The historical data trend for Motorcar Parts of America'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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Motorcar Parts of America Long-Term Capital Lease Obligation Chart

Motorcar Parts of America Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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55.59

59.26

73.37

74.08

Motorcar Parts of America 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															76.95	74.08	71.08	70.93	67.61

Motorcar Parts of America (FRA:54M) 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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Motorcar Parts of America (FRA:54M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Motorcar Parts of America Inc (FRA:54M) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MPAA:USA

Address

2929 California Street, Torrance, CA, USA, 90503

Website

https://www.motorcarparts.com

Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the us, of which a majority of the revenue is derived from the sales of rotating electrical products.

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