Ampco-Pittsburgh (Ampco-Pittsburgh) Long-Term Capital Lease Obligation : $3.8 Mil (As of Dec. 2023)

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What is Ampco-Pittsburgh Long-Term Capital Lease Obligation?

Ampco-Pittsburgh's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.8 Mil.

Ampco-Pittsburgh's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($2.7 Mil) to Sep. 2023 ($3.9 Mil) but then declined from Sep. 2023 ($3.9 Mil) to Dec. 2023 ($3.8 Mil).

Ampco-Pittsburgh's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($3.4 Mil) to Dec. 2022 ($2.9 Mil) but then increased from Dec. 2022 ($2.9 Mil) to Dec. 2023 ($3.8 Mil).

Ampco-Pittsburgh Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ampco-Pittsburgh'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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Ampco-Pittsburgh Long-Term Capital Lease Obligation Chart

Ampco-Pittsburgh Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.65

3.67

3.42

2.89

3.82

Ampco-Pittsburgh 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															2.89	2.78	2.71	3.92	3.82

Ampco-Pittsburgh (NYSE:AP) 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.

Ampco-Pittsburgh Long-Term Capital Lease Obligation Related Terms

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Ampco-Pittsburgh (Ampco-Pittsburgh) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ampco-Pittsburgh Corp (NYSE:AP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

726 Bell Avenue, Suite 301, Carnegie, PA, USA, 15106

Website

http://www.ampcopgh.com

Ampco-Pittsburgh Corp is a U,S.-based company manufacturing and selling engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the U,S and other countries.

Executives

Darrell L Mcnair	director	726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Frederick D. Disanto	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
David George Anderson	officer: President,Air&Liq. Proc. Group	726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Robert Demichiei	director	726 BELL AVE., SUITE 301, PO BOX 457, CARNEGIE PA 15106
Michael G Mcauley	officer: CFO & Treasurer	1550 CORAOPOLIS HEIGHTS ROAD, SUITE 500, PITTSBURGH PA 15108
Louis Berkman Investment Co	10 percent owner	330 N. SEVENTH STREET, STEUBENVILLE OH 43952
Brett Mcbrayer	director, officer: Chief Executive Officer	726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Pforzheimer Carl H Ii	director	CARL H PFORZHEIMER & CO, 650 MADISON 23 FLOOR, NEW YORK NY 10022
Samuel Lyon	officer: President of Union Electric	C/O UNION ELECTRIC STEEL CORPORATION, 726 BELL AVENUE, CARNEGIE PA 15106
Elizabeth Anne Fessenden	director	1137 WEST AVENUE, RICHMOND VA 23220
Crawford United Corp	other: Member of 10% owner group	10514 DUPONT AVE, CLEVELAND OH 44108
Edward F Crawford	other: Member of 10% owner group
2006 Irrevocable Trust Of Laura W. Van Loan For The Benefit Of Mary M. Crawford	other: Member of 10% owner group	6065 PARKLAND BOULEVARD, CLEVELAND OH 44124
Altor Ii Aggregator Topco Ltd	10 percent owner	11-15 SEATON PLACE, ST. HELIER Y9 JE4 0QH
Terry L Dunlap	director	1000 SIX PPG PLACE, PITTSBURGH PA 15222