Key Tronic (Key Tronic) Long-Term Capital Lease Obligation : $12.4 Mil (As of Dec. 2023)

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What is Key Tronic Long-Term Capital Lease Obligation?

Key Tronic's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12.4 Mil.

Key Tronic's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($10.3 Mil) to Sep. 2023 ($10.9 Mil) and increased from Sep. 2023 ($10.9 Mil) to Dec. 2023 ($12.4 Mil).

Key Tronic's annual Long-Term Capital Lease Obligation increased from Jun. 2021 ($11.4 Mil) to Jun. 2022 ($12.0 Mil) but then declined from Jun. 2022 ($12.0 Mil) to Jun. 2023 ($10.3 Mil).

Key Tronic Long-Term Capital Lease Obligation Historical Data

The historical data trend for Key Tronic'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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Key Tronic Long-Term Capital Lease Obligation Chart

Key Tronic Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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12.62

11.43

12.02

10.32

Key Tronic 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															13.08	12.08	10.32	10.94	12.38

Key Tronic (NAS:KTCC) 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.

Key Tronic Long-Term Capital Lease Obligation Related Terms

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Key Tronic (Key Tronic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Key Tronic Corp (NAS:KTCC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

4424 North Sullivan Road, Spokane Valley, WA, USA, 99216

Website

https://www.keytronic.com

Key Tronic Corp is an electronic manufacturing service provider. The company provides electronic manufacturing services to original equipment manufacturers in the United States and globally. Its primary services include integrated electronic and mechanical engineering, precision plastic molding, sheet metal fabrication, printed circuit board (PCB) and complete product assembly, component selection, sourcing and procurement, logistics, and new product testing and production. The firm derives a majority of its revenue from the United States.

Executives

Mark R Courtney	officer: Vice President of Supply Chain	4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
Subodh K Kulkarni	director	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Thomas E. Despres	officer: VP of Southwest Operations	4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
Chad Thomas Orebaugh	officer: Vice President of Engineering	4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
David H. Knaggs	officer: Vice President of Quality	4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
Frank Iii Crispigna	officer: VP of Supply Chain	P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
Duane D Mackleit	officer: VP of Program Management	P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
James R Bean	director	2227 E. SKIPPERLING LN, BOISE ID 83706
Craig D Gates	director, officer: President & CEO
Douglas G Burkhardt	officer: EVP of Worldwide Operations	P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
Ronald F Klawitter	director, officer: See Remarks
Kathleen L Nemeth	officer: Secretary and General Counsel	KEY TRONIC CORP, PO BOX 14687, SPOKANE WA 99214-0687
Lawrence J Bostwick	officer: VP of Quality & Reg Affairs	P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
Brett R. Larsen	officer: VP of Finance & Controller	P.O. BOX 14687, SPOKANE VALLEY WA 99216
Philip Scott Hochberg	officer: EVP of Business Development	P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687