Sono-Tek (Sono-Tek) Long-Term Capital Lease Obligation : $0.00 Mil (As of Nov. 2023)

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What is Sono-Tek Long-Term Capital Lease Obligation?

Sono-Tek's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil.

Sono-Tek Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sono-Tek'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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Sono-Tek Long-Term Capital Lease Obligation Chart

Sono-Tek Annual Data

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Long-Term Capital Lease Obligation

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Sono-Tek Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Sono-Tek (NAS:SOTK) 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.

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Sono-Tek (Sono-Tek) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sono-Tek Corp (NAS:SOTK) » Definitions » Long-Term Capital Lease Obligation

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Address

2012 Route 9W, Milton, NY, USA, 12547

Website

https://www.sono-tek.com

Sono-Tek Corp designs and manufactures ultrasonic coating systems that apply precise, thin film coatings to a multitude of products for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications in construction and automotive. It sell products to emerging research and development and other markets. Its ultrasonic nozzle systems use high frequency, ultrasonic vibrations that atomize liquids into minute drops that can be applied to surfaces at low velocity providing thin layers of protective materials over a surface such as glass or metals.

Executives

Robb William Engle	officer: VP	164 LUCAS AVENUE, KINGSTON NY 12401
Christopher L Coccio	director, officer: CEO & President	SONO-TEK CORP, 2012 RT 9W, MILTON NY 12547
Philip A Strasburg	director, officer: Treasurer	19380 CEDAR GLEN DR., BOCA RATON FL 33434
Joseph Riemer	officer: Vice President of Engineering	SONO-TEK CORP, 2012 RT 9W, MILTON NY 12547
Stephen James Bagley	officer: Chief Financial Officer	SONO-TEK CORPORATION, 2012 ROUTE 9W, MILTON NY 12547
Christopher Cichetti	officer: Vice President	SONO-TEK CORP., 2012 RT 9W, MILTON NY 12547
Maria T Kuha	officer: VP	9 SUNRISE DRIVE, MILTON NY 12547
Carol A O'donnell	director	540 JOAN DRIVE, FAIRFILED CT 06824-2207
Eric Haskell	director	518 CANDACE LANE, VILLANOVA PA 19085
Samuel Schwartz	director, 10 percent owner, other: Chairman	877 ROUTE 9W, UPPER GRANDVIEW NY 10960
Bennett Bruntil	officer: Vice President	351 DUBOIS ROAD, NEW PALTZ NY 12561
Handler Edward J Iii	director	31 HANCOCK LANE, DARIEN CT 06820-2511
R Stephen Harshbarger	officer: Vice President of Sales	ROUTE 22, PAWLING NY 12564
Donald F Mowbray	director	103 JENKINS ROAD, BURNT HILLS NY 12027
Norwood Venture Corp	other: Former 10% Owner	174 DEZENZO LANE, WEST ORANGE NJ 07052