Shimmick (Shimmick) Long-Term Capital Lease Obligation : $14.9 Mil (As of Mar. 2024)

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What is Shimmick Long-Term Capital Lease Obligation?

Shimmick's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $14.9 Mil.

Shimmick's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($16.8 Mil) to Dec. 2023 ($15.0 Mil) and declined from Dec. 2023 ($15.0 Mil) to Mar. 2024 ($14.9 Mil).

Shimmick's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($11.9 Mil) to Dec. 2022 ($14.4 Mil) and increased from Dec. 2022 ($14.4 Mil) to Dec. 2023 ($15.0 Mil).

Shimmick Long-Term Capital Lease Obligation Historical Data

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

Shimmick Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

11.90

14.44

15.05

Shimmick Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	18.07	16.82	15.05	14.86

Shimmick (NAS:SHIM) 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.

Shimmick Long-Term Capital Lease Obligation Related Terms

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Shimmick (Shimmick) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shimmick Corp (NAS:SHIM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

530 Technology Drive, Suite 300, Irvine, CA, USA, 92618

Website

https://www.shimmick.com

Shimmick Corp is a leading provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.

Shimmick (Shimmick) Headlines

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