UMAC (Unusual Machines) Long-Term Capital Lease Obligation : $0.24 Mil (As of Mar. 2025)

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What is Unusual Machines Long-Term Capital Lease Obligation?

Unusual Machines's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $0.24 Mil.

Unusual Machines's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($0.28 Mil) to Dec. 2024 ($0.26 Mil) and declined from Dec. 2024 ($0.26 Mil) to Mar. 2025 ($0.24 Mil).

Unusual Machines's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.00 Mil) but then increased from Dec. 2023 ($0.00 Mil) to Dec. 2024 ($0.26 Mil).

Unusual Machines Long-Term Capital Lease Obligation Historical Data

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

Unusual Machines Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

0.26

Unusual Machines Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.31	0.30	0.28	0.26	0.24

Unusual Machines (AMEX:UMAC) 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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