Mace Security International (Mace Security International) Long-Term Capital Lease Obligation : $1.12 Mil (As of Mar. 2023)

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What is Mace Security International Long-Term Capital Lease Obligation?

Mace Security International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $1.12 Mil.

Mace Security International's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($0.04 Mil) to Dec. 2022 ($1.18 Mil) but then declined from Dec. 2022 ($1.18 Mil) to Mar. 2023 ($1.12 Mil).

Mace Security International's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($0.37 Mil) to Dec. 2021 ($0.17 Mil) but then increased from Dec. 2021 ($0.17 Mil) to Dec. 2022 ($1.18 Mil).

Mace Security International Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mace Security International'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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Mace Security International Long-Term Capital Lease Obligation Chart

Mace Security International Annual Data

Trend

Dec10

Dec11

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.57

0.37

0.17

1.18

Mace Security International Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.11	0.04	0.04	1.18	1.12

Mace Security International (OTCPK:MACE) 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.

Mace Security International Long-Term Capital Lease Obligation Related Terms

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Mace Security International (Mace Security International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mace Security International Inc (OTCPK:MACE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Carnegie Avenue, Cleveland, OH, USA, 44103

Website

https://www.mace.com

Mace Security International Inc operates in a single segment of Personal Safety and Security, which sells its products to retailers, distributors, and individual consumers. It also sells tactical spray products and systems to law enforcement, security professionals, correctional institutions, and military markets. The company sells its products under the Mace Brand. Some of its products include Stun Guns, Home defense Kit, Personal Alarms, Pepper Sprays, Pepper Guns, Pepper Gel, and Other self-defense products.

Executives

Richard A Barone	director	ONE CHAGRIN HIGHLANDS, 2000 AUBURN DRIVE SUITE 300, CLEVELAND OH 44122
John Joseph Mccann	director, officer: CEO	17410 TALL TREE TRAIL, CHAGRIN FALLS OH 44023
Daniel V Perella	director	5991 HEATHER LANE, HUDSON OH 44236
Denis J Amato	director	ONE CHAGRIN HIGHLAND, 2000 AUBURN DRIVE #300, CLEVELAND OH 44122
Larry I Pollock	director	BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Dennis R Raefield	director, officer: Chief Executive Officer	4 ORCHARD LN, ALAMO CA 94507
Michael E Smith	director	240 GIBRALTAR ROAD, SUITE 220, HORSHAM PA 19044
John C Mallon	director	350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017
Lawndale Capital Management Llc	10 percent owner	591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941
Andrew E Shapiro	10 percent owner	591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941
Gerald T Laflamme	director	2355 S ARLINGTON HEIGHTS RD STE 400, ARLIGTON HEIGHTS IL 60005
Ronald R Pollo	officer: Chief Accounting Officer	1000 CRAWFORD PL, SUITE 400, MT LAUREL NJ 08054
Papadakis Constantine	director	75 CRESTLINE RD, WAYNE NJ 19087
Gregory M Krzemien	officer: Cheif Financial Officer	1000 CRAWFORD PL, SUITE 400, MT LAUREL NJ 08054
Matthew Joseph Paolino	director	1000 CRAWFORD PLAZA, SUITE 400, MOUNT LAUREL NJ 08054