Matthews International (Matthews International) Long-Term Capital Lease Obligation

: $46 Mil (As of Dec. 2023)

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Matthews International's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $46 Mil.

Matthews International's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($53 Mil) to Sep. 2023 ($50 Mil) and declined from Sep. 2023 ($50 Mil) to Dec. 2023 ($46 Mil).

Matthews International's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($57 Mil) to Sep. 2022 ($51 Mil) and declined from Sep. 2022 ($51 Mil) to Sep. 2023 ($50 Mil).

Matthews International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Matthews International'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.

* Premium members only.

Matthews International Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

49.30

57.27

51.45

50.19

Matthews International 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																54.05	54.56	53.08	50.19	45.69

Matthews International (NAS:MATW) 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.

Matthews International Long-Term Capital Lease Obligation Related Terms

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Matthews International (Matthews International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Matthews International Corp (NAS:MATW) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MW1A:Germany MW1A:Germany

Address

Two Northshore Center, Pittsburgh, PA, USA, 15212-5851

Website

https://www.matw.com

Matthews International Corp is a personal services company that primarily provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes a significant amount. Most of Matthews' revenue is generated from sales made in the U.S., while European customers also contribute a sizable percentage.

Executives

Aleta W. Richards	director	TWO NORTHSHORE CENTER, PITTSBURGH PA 15212
Joseph C Bartolacci	officer: President, York Casket Divisio
Ronald C Awenowicz	officer: SVP, Global Compliance & HR	TWO NORTHSHORE CENTER, PITTSBURGH PA 15212
Lee Lane	officer: SVP Matthews Automation Soluti	TWO NORTHSHORE CENTER, PITTSBURGH PA 15212
Reena Gurtner	officer: SVP, Global Talent & HR	241 RIVER VALLEY ROAD, GIANURN BUILDING, LEVEL 4, SINGAPORE U0 238298
Brian J Dunn	officer: President, Marking Products Di
Steven F Nicola	officer: Chief Financial Officer
David A Schawk	director, officer: President, Brand Solutions	674 SKYE LANE, BARRINGTON IL 60010
Lillian Etzkorn	director	1570 FOREST LANE, BLOOMFIELD HILLS MI 48301
Brady Edward M Jr	officer: Chief Information Officer	TWO NORTH SHORE CENTER, PITTSBURGH PA 15212
Tunon Alvaro Garcia	director
Davor Brkovich	officer: Chief Information Officer	252 PARKWEST DRIVE, PITTSBURGH PA 15275
Gary Raymond Kohl	officer: President SGK	52 WOODLAND AVENUE, GLEN RIDGE NJ 07028
Robert M Marsh	officer: Treasurer	108 NANTUCKET DRIVE, PITTSBURGH PA 15238
Brian D Walters	officer: V.P. and General Counsel	TWO NORTHSHORE CENTER, PITTSBURGH PA 15212