Loar Holdings (Loar Holdings) Long-Term Capital Lease Obligation : $8.98 Mil (As of Mar. 2024)

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What is Loar Holdings Long-Term Capital Lease Obligation?

Loar Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8.98 Mil.

Loar Holdings's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0.00 Mil) to Dec. 2023 ($9.20 Mil) but then declined from Dec. 2023 ($9.20 Mil) to Mar. 2024 ($8.98 Mil).

Loar Holdings's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2022 ($8.44 Mil) and increased from Dec. 2022 ($8.44 Mil) to Dec. 2023 ($9.20 Mil).

Loar Holdings Long-Term Capital Lease Obligation Historical Data

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

Loar Holdings Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

8.44

9.20

Loar Holdings Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Long-Term Capital Lease Obligation	8.44	-	9.20	8.98

Loar Holdings (NYSE:LOAR) 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.

Loar Holdings Long-Term Capital Lease Obligation Related Terms

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Loar Holdings (Loar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Loar Holdings Inc (NYSE:LOAR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 New King Street, White Plains, New York, NY, USA, 10604

Website

https://www.loargroup.com

Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).

Loar Holdings (Loar Holdings) Headlines

From GuruFocus

Director M Crow Acquires 71,429 Shares of Loar Holdings Inc (LOAR)

By GuruFocus Research • 04-29-2024