NAPCO Security Technologies (FRA:NS1) Long-Term Capital Lease Obligation : €5.1 Mil (As of Mar. 2024)

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What is NAPCO Security Technologies Long-Term Capital Lease Obligation?

NAPCO Security Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €5.1 Mil.

NAPCO Security Technologies's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€5.3 Mil) to Dec. 2023 (€5.1 Mil) and declined from Dec. 2023 (€5.1 Mil) to Mar. 2024 (€5.1 Mil).

NAPCO Security Technologies's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (€5.9 Mil) to Jun. 2022 (€6.7 Mil) but then declined from Jun. 2022 (€6.7 Mil) to Jun. 2023 (€5.3 Mil).

NAPCO Security Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for NAPCO Security Technologies'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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NAPCO Security Technologies Long-Term Capital Lease Obligation Chart

NAPCO Security Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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6.32

5.89

6.69

5.25

NAPCO Security Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.36	5.25	5.29	5.14	5.11

NAPCO Security Technologies (FRA:NS1) 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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NAPCO Security Technologies (FRA:NS1) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NAPCO Security Technologies Inc (FRA:NS1) » Definitions » Long-Term Capital Lease Obligation

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NSSC:USA

Address

333 Bayview Avenue, Amityville, NY, USA, 11701

Website

https://www.napcosecurity.com

NAPCO Security Technologies Inc manufactures security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. Its products are used for various applications which includes alarm systems like automatic communicators, combination control panels/digital communicators and digital keypad systems, fire alarm control panel and area detectors mainly used for commercial, residential, institutional, industrial and governmental uses.

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