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ACMAT (ACMT) Long-Term Capital Lease Obligation : $0.00 Mil (As of Sep. 2023)


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What is ACMAT Long-Term Capital Lease Obligation?

ACMAT's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil.


ACMAT Long-Term Capital Lease Obligation Historical Data

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

ACMAT Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Long-Term Capital Lease Obligation
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ACMAT Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Sep22 Sep23
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ACMAT  (OTCPK:ACMT) 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.

ACMAT Long-Term Capital Lease Obligation Related Terms

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ACMAT (ACMT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
30 South Road, Farmington, CT, USA, 06032-2418
ACMAT Corp operates as a holding company that engages in the provision of providing surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors, and miscellaneous obligations nationwide. It also provides miscellaneous surety such as worker's compensation, supply, subdivision, license, and permit bonds. The company generates revenue from the investment income and premiums received.

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