Lakeland Industries (Lakeland Industries) Long-Term Capital Lease Obligation : $9.1 Mil (As of Jan. 2024)

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What is Lakeland Industries Long-Term Capital Lease Obligation?

Lakeland Industries's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $9.1 Mil.

Lakeland Industries's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($6.9 Mil) to Oct. 2023 ($9.2 Mil) but then declined from Oct. 2023 ($9.2 Mil) to Jan. 2024 ($9.1 Mil).

Lakeland Industries's annual Long-Term Capital Lease Obligation declined from Jan. 2022 ($3.7 Mil) to Jan. 2023 ($3.6 Mil) but then increased from Jan. 2023 ($3.6 Mil) to Jan. 2024 ($9.1 Mil).

Lakeland Industries Long-Term Capital Lease Obligation Historical Data

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

Lakeland Industries Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

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1.41

1.61

3.68

3.58

9.12

Lakeland Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.58	3.65	6.93	9.20	9.12

Lakeland Industries (NAS:LAKE) 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.

Lakeland Industries Long-Term Capital Lease Obligation Related Terms

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Lakeland Industries (Lakeland Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lakeland Industries Inc (NAS:LAKE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LLI:Germany

Address

1525 Perimeter Parkway, Suite 325, Huntsville, AL, USA, 35806

Website

https://www.lakeland.com

Lakeland Industries Inc manufactures and sells safety garments and accessories for the industrial protective clothing market. Its product segments include Disposables, Chemicals, Fire, Gloves, High Visibility, High-Performance Wear, and Wovens. Its customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, and mortuaries, as well as scientific and medical laboratories. The company's geographical segments include the United States, Latin America, Canada, Asia, Mexico, Europe (United Kingdom), and Other Foreign.

Executives

Joshua J Sletten	officer: VP Corp Development & Strategy	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Melissa Kidd	director	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Herring Ronald N Jr	director
Roger D Shannon	officer: Chief Financial Officer	15415 SHELBYVILLE ROAD, LOUISVILLE KY 40245
An Hui	officer: VP of Procurement & Asia Mfg.	1525 PERIMETER PARKWAY, SUITE 325, HUNTSTVILLE AL 35806
Christopher James Ryan	director	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779
Allen E Dillard	officer: COO & CFO	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Charles D Roberson	director, officer: CEO, President and Secretary	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Steven L Harvey	officer: Exec. VP, Sales and Marketing	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Thomas J Mcateer	director	54 CEDAR POINT DRIVE, WEST ISLIP NY 11795
Jeffrey T Schlarbaum	director	105 NORTON STREET, NEWARK NY 14513
Nikki Hamblin	director	2 RED OAK LANE, PITTSFORD NY 14534
Alfred John Kreft	director	3333 ALLEN PARK WAY, #2004, HOUSTON TX 77019
Daniel L. Edwards	officer: Sr. VP Sales for North America	6794 MEADOW VIEW DRIVE, SUMMERFIELD NC 27358
Stephen M Bachelder	director, officer: Chief Operating Officer	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779