Knowles (Knowles) Long-Term Capital Lease Obligation

: $8.8 Mil (As of Dec. 2023)

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Knowles's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.8 Mil.

Knowles's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($6.3 Mil) to Sep. 2023 ($6.2 Mil) but then increased from Sep. 2023 ($6.2 Mil) to Dec. 2023 ($8.8 Mil).

Knowles's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($18.3 Mil) to Dec. 2022 ($8.6 Mil) but then increased from Dec. 2022 ($8.6 Mil) to Dec. 2023 ($8.8 Mil).

Knowles Long-Term Capital Lease Obligation Historical Data

The historical data trend for Knowles'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.

Knowles Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

32.00

24.20

18.30

8.60

8.80

Knowles 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																8.60	6.90	6.30	6.20	8.80

Knowles (NYSE:KN) 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.

Knowles Long-Term Capital Lease Obligation Related Terms

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Knowles (Knowles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Knowles Corp (NYSE:KN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

1K3:Germany

Address

1151 Maplewood Drive, Itasca, IL, USA, 60143

Website

https://www.knowles.com

Knowles Corp is engaged in the manufacturing of micro-acoustic microphones and balanced armature speakers, audio solutions, high-performance capacitors, and radio frequency filtering products. It operates in three segments; the Precision Devices segment specializes in the design and delivery of high-performance capacitor products and RF solutions, Medtech & Specialty Audio segment designs and manufactures microphones and balanced armature speakers used in applications and the Consumer MEMS Microphones segment designs and manufactures micro-electro-mechanical systems microphones and audio solutions used in applications. The majority of its revenue comes from the Consumer MEMS Microphones segment.

Executives

Raymond D. Cabrera	officer: Senior VP, HR & CAO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Erania Brackett	director	C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Daniel J Crowley	director	870 WINTER STREET, WALTHAM MA 02451
Jeffrey Niew	director, officer: President & CEO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Cheryl L Shavers	director	400 COLLINS ROAD NE, M/S 124-323, CEDAR RAPIDS IA 52498
John S. Anderson	officer: Senior VP & CFO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Daniel J. Giesecke	officer: Senior VP & COO	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Bastarrica Air A. Jr.	officer: Vice President & Controller	1151 MAPLEWOOD DR, ITASCA IL 60143-2071
Donald Macleod	director
Michael S Wishart	director	SPANSION INC., 915 DEGUIGNE DRIVE, SUNNYVALE CA 94085-3836
Ronald Steven Jankov	director	3875 FREEDOM CIRCLE, SUITE 900, SANTA CLARA CA 95054
Didier Hirsch	director	5301 STEVENS CREEK BOULEVARD, SANTA CLARA CA 95051
Christian Scherp	officer: Co-President, MCE	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
Ye Jane Li	director	200 FLYNN ROAD, CAMARILLO CA 93012-8790
Michael S. Polacek	officer: President, Intelligent Audio	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143