WSI Industries (WSI Industries) Long-Term Capital Lease Obligation : $0.00 Mil (As of Aug. 2018)

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What is WSI Industries Long-Term Capital Lease Obligation?

WSI Industries's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2018 was $0.00 Mil.

WSI Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for WSI Industries'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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WSI Industries Long-Term Capital Lease Obligation Chart

WSI Industries Annual Data

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Long-Term Capital Lease Obligation

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WSI Industries Quarterly Data
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WSI Industries (NAS:WSCI) 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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WSI Industries (WSI Industries) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » WSI Industries Inc (NAS:WSCI) » Definitions » Long-Term Capital Lease Obligation

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Website

http://www.wsiindustries.com

WSI Industries Inc was incorporated in Minnesota in 1950 for the purpose of performing precision contract machining for the aerospace, communication, and industrial markets. It is engaged in machining work for the aerospace/avionics/defense industries, recreational powersports vehicles (ATV and motorcycle) markets, energy industry and bioscience industry. The Company manufactures metal components in medium to high volumes requiring tolerances as close as one ten-thousandth of an inch. These components are manufactured in accordance with customer specifications using materials both purchased by the Company as well as being supplied by its customer.

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