Rapala VMC (Rapala VMC) Long-Term Capital Lease Obligation : $10.5 Mil (As of Dec. 2023)

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What is Rapala VMC Long-Term Capital Lease Obligation?

Rapala VMC's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.5 Mil.

Rapala VMC's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($12.5 Mil) to Jun. 2023 ($12.1 Mil) and declined from Jun. 2023 ($12.1 Mil) to Dec. 2023 ($10.5 Mil).

Rapala VMC's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($8.4 Mil) to Dec. 2022 ($12.5 Mil) but then declined from Dec. 2022 ($12.5 Mil) to Dec. 2023 ($10.5 Mil).

Rapala VMC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rapala VMC'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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Rapala VMC Long-Term Capital Lease Obligation Chart

Rapala VMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.00

9.73

8.36

12.50

10.47

Rapala VMC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.36	12.69	12.50	12.13	10.47

Rapala VMC (OTCPK:RPNMF) 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.

Rapala VMC Long-Term Capital Lease Obligation Related Terms

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Rapala VMC (Rapala VMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rapala VMC Corp (OTCPK:RPNMF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RAP1V:Finland RAP:Germany

Address

Makelankatu 87, Helsinki, FIN, 00610

Website

https://www.rapalavmc.com

Rapala VMC Corp is a fishing tackle company. It is engaged in the business of manufacturing, sourcing and distributing mainly fishing tackle equipment as well as hunting, outdoor and winter sports equipment. The company's products include fishing lures, treble hooks, fishing related knives and hooks etc. The firm markets and sells its products under Sufix, Mora Ice, Peltonen, Williamson, VMC, Storm, Blue fox and Rapala brand names. The company has Group products and Third-party products operating segments. It derives the majority of its revenues from the Group products operating segment.

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