RBC (RBC Bearings) Long-Term Capital Lease Obligation : $41 Mil (As of Sep. 2024)

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What is RBC Bearings Long-Term Capital Lease Obligation?

RBC Bearings's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $41 Mil.

RBC Bearings's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($82 Mil) to Jun. 2024 ($43 Mil) and declined from Jun. 2024 ($43 Mil) to Sep. 2024 ($41 Mil).

RBC Bearings's annual Long-Term Capital Lease Obligation declined from Mar. 2022 ($85 Mil) to Mar. 2023 ($82 Mil) and declined from Mar. 2023 ($82 Mil) to Mar. 2024 ($82 Mil).

RBC Bearings Long-Term Capital Lease Obligation Historical Data

The historical data trend for RBC Bearings'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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RBC Bearings Long-Term Capital Lease Obligation Chart

RBC Bearings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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23.40

29.98

84.70

82.40

82.00

RBC Bearings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															37.00	35.90	82.00	42.90	40.50

RBC Bearings (NYSE:RBC) 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.

RBC Bearings Long-Term Capital Lease Obligation Related Terms

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RBC Bearings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RBC Bearings Inc (NYSE:RBC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

B1X:Germany

Address

One Tribology Center, Oxford, CT, USA, 06478

Website

https://www.rbcbearings.com

RBC Bearings Inc is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The end market is the United States of America. The company has two reportable segments: Aerospace Defense segment represents the end markets for the company's highly engineered bearings and precision components used in commercial aerospace, defense aerospace, and sea and ground defense applications; and Industrial segment represents the end markets for the company's engineered bearings and precision components used in various industrial applications. It derives maximum revenue from Industrial Segment.

Executives

John J. Feeney	officer: Vice President and Secretary	ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Daniel A Bergeron	officer: VP and CFO
Robert M Sullivan	officer: Corporate Controller	103 STILLWOLD DRIVE, WETHERSFIELD CT 06109
Edward Stewart	director	5715 EAST CHENEY DRIVE, PARADISE VALLEY AZ 85253
Michael J Hartnett	officer: President and CEO	RBC BEARINGS, INC., 102 WILLENBROCK ROAD, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Richard J Edwards	officer: V.P. and General Manager	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Steven H. Kaplan	director	11 LINDEN SHORES, BRANFORD CT 06405
Michael H. Ambrose	director	ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Dolores J Ennico	director	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Richard R Crowell	director	AURORA CAPITAL PARTNERS LP, 10877 WILSHIRE BOULEVARD SUITE 2100, LOS ANGELES CA 90024
Patrick S. Bannon	officer: V.P. and General Manager	131 WOODS WAY DRIVE, SOUTHBURY CT 06488
Alan B Levine	director
Ernest D Hawkins	officer: Vice President of Finance	102 WILLENBROCK ROAD, OXFORD CT 06478
Amir Faghri	director	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Joseph Salamunovich	officer: General Counsel and Secretary	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478