Optical Cable (Optical Cable) Long-Term Capital Lease Obligation : $0.00 Mil (As of Jan. 2024)

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What is Optical Cable Long-Term Capital Lease Obligation?

Optical Cable's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil.

Optical Cable Long-Term Capital Lease Obligation Historical Data

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

Optical Cable Annual Data

Trend

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Long-Term Capital Lease Obligation

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Optical Cable Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Optical Cable (NAS:OCC) 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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Optical Cable (Optical Cable) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optical Cable Corp (NAS:OCC) » Definitions » Long-Term Capital Lease Obligation

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OCC:Germany

Address

5290 Concourse Drive, Roanoke, VA, USA, 24019

Website

https://www.occfiber.com

Optical Cable Corp manufactures tight-buffered fiber optic & copper data communication cables, data communication connectivity solutions for enterprise markets, and customized solutions for specialty use & harsh environments. Its products and services include designs and customized products for specialty applications and harsh environments, cabling, connectors, patch cords, assemblies, racks, cabinets, datacom enclosures, patch panels, faceplates, and multi-media boxes. The company supplies its products and services to industries such as the military, industrial, mining, petrochemical, broadcast, oil & gas, and others.

Executives

Randall H Frazier	director
Wilkin Neil D Jr	director, officer: President and CFO
Williamson John B Iii	director	PO BOX 13007, ROANOKE VA 24030
Nygren John A Jr	director	567 SEAFORD LANE, MATHEWS VA 23109
Craig H Weber	director
William Russell Reynolds	officer: SR VP OF SALES	106 DISTANT VIEW DRIVE, ASHEVILLE NC 28803
Tracy G Smith	officer: Chief Financial Officer
Luke J Huybrechts	director, officer: SVP Sales
Charles W Carson	officer: SVP Marketing & Strategy
Ted W Leonard	officer: VP Sales - USA
John M Holland	director