Park Aerospace (Park Aerospace) Long-Term Capital Lease Obligation : $0.09 Mil (As of Nov. 2023)

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What is Park Aerospace Long-Term Capital Lease Obligation?

Park Aerospace's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.09 Mil.

Park Aerospace's quarterly Long-Term Capital Lease Obligation declined from May. 2023 ($0.12 Mil) to Aug. 2023 ($0.11 Mil) and declined from Aug. 2023 ($0.11 Mil) to Nov. 2023 ($0.09 Mil).

Park Aerospace's annual Long-Term Capital Lease Obligation increased from Feb. 2021 ($0.09 Mil) to Feb. 2022 ($0.17 Mil) but then declined from Feb. 2022 ($0.17 Mil) to Feb. 2023 ($0.13 Mil).

Park Aerospace Long-Term Capital Lease Obligation Historical Data

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

Park Aerospace Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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0.27

0.09

0.17

0.13

Park Aerospace 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															0.14	0.13	0.12	0.11	0.09

Park Aerospace (NYSE:PKE) 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.

Park Aerospace Long-Term Capital Lease Obligation Related Terms

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Park Aerospace (Park Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Park Aerospace Corp (NYSE:PKE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PKE:Germany

Address

1400 Old Country Road, Suite 409N, Westbury, New York, NY, USA, 11590

Website

https://www.parkaerospace.com

Park Aerospace Corp designs develop and manufactures engineered, Advanced composite materials and composite structures and assemblies and low-volume tooling for the aerospace markets and prototype tooling for such structures and assemblies. It only operating business segments is Aerospace. Geographically, the company derives a majority of revenue from North America and also has a presence in a company operates its business in Asia and Europe. It offers Advanced Composite Prepregs for Aircraft Structures and Interiors, Sigma Strut and Alpha Strut.

Executives

Shane Connor	director	10510 SPRINGBORO PIKE, MIAMISBURG OH 45342
Nickel Cory	officer: Sr VP and General Manager	816 N. BLAINE ST., NEWTON KS 67114
Dale Blanchfield	director	128 HAWTHORNE ROAD, HOPKINS MN 55343
D. Bradley Thress	director	250 WEST SPRING STREET, UNIT 615, COLUMBUS OH 43215
Brian E Shore	director, officer: President and CEO
Emily J Groehl	officer: Sr. VP, Sales and Marketing
Mark A Esquivel	officer: Vice President - Aerospace	48 SOUTH SERVICE ROAD, MELVILLE NY 11747
Yvonne Julian	director	225 HIDDEN HILLS DRIVE, GREENVILLE SC 29605
Steven T Warshaw	director
Stephen E Gilhuley	officer: Senior Vice President, Secreta
P. Matthew Farabaugh	officer: Vice President and Controller	PARK ELECTROCHEMICAL CORP., 48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE X1 11747
Benjamin Wykoff Shore	officer: Senior Vice President	31 HARBOR PARK DRIVE, CENTERPORT NY 11721
Robert J Yaniro	officer: VP and Corporate Controller	48 SOUTH SERVICE ROAD, MELVILLE NY 11747
Carl William Smith	director	10044 E. NACOMA CT., SUN LAKE AZ 85248
Christopher T. Mastrogiacomo	officer: V P of Strategic Marketing	48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE NY 11747