UFP Technologies (STU:UFP) Long-Term Capital Lease Obligation : €10.8 Mil (As of Sep. 2024)

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What is UFP Technologies Long-Term Capital Lease Obligation?

UFP Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €10.8 Mil.

UFP Technologies's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (€9.3 Mil) to Jun. 2024 (€8.8 Mil) but then increased from Jun. 2024 (€8.8 Mil) to Sep. 2024 (€10.8 Mil).

UFP Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€6.3 Mil) to Dec. 2022 (€10.2 Mil) but then declined from Dec. 2022 (€10.2 Mil) to Dec. 2023 (€9.9 Mil).

UFP Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for UFP 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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UFP Technologies Long-Term Capital Lease Obligation Chart

UFP Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.75

0.85

6.30

10.24

9.92

UFP Technologies 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															10.74	9.92	9.31	8.80	10.78

UFP Technologies (STU:UFP) 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.

UFP Technologies Long-Term Capital Lease Obligation Related Terms

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UFP Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » UFP Technologies Inc (STU:UFP) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

UFPT:USA UFP:Germany

Address

100 Hale Street, Newburyport, MA, USA, 01950-3504

Website

https://www.ufpt.com

UFP Technologies Inc is a designer and custom manufacturer of components, subassemblies, products and packaging utilizing specialized foams, films, and plastics for the medical market. The company manufactures its products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. It is an important link in the medical device supply chain and a valued outsource partner to many of the top medical device manufacturers in the world. The company's single-use and single-patient devices and components are used in a wide range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.

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