Graham (Graham) Long-Term Capital Lease Obligation : $6.8 Mil (As of Dec. 2023)

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What is Graham Long-Term Capital Lease Obligation?

Graham's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.8 Mil.

Graham's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($7.4 Mil) to Sep. 2023 ($7.1 Mil) and declined from Sep. 2023 ($7.1 Mil) to Dec. 2023 ($6.8 Mil).

Graham's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($0.1 Mil) to Mar. 2022 ($7.5 Mil) and increased from Mar. 2022 ($7.5 Mil) to Mar. 2023 ($7.6 Mil).

Graham Long-Term Capital Lease Obligation Historical Data

The historical data trend for Graham'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.

* Premium members only.

Graham Long-Term Capital Lease Obligation Chart

Graham Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.10

0.14

0.07

7.47

7.58

Graham Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7.76	7.58	7.36	7.07	6.83

Graham (NYSE:GHM) 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.

Graham Long-Term Capital Lease Obligation Related Terms

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Graham (Graham) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Graham Corp (NYSE:GHM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

781:Germany

Address

20 Florence Avenue, Batavia, NY, USA, 14020

Website

https://www.grahamcorp.com

Graham Corporation manufactures and sells critical equipment for the energy, defense, and chemical/petrochemical industries based with emphasis on the United States. Its suite of products includes ejectors, surface condensers, turbopumps, compressors and liquid vacuum pumps, among others. For the defense industry, its equipment is used in nuclear propulsion power systems for the U.S. Navy. For the chemical and petrochemical industries, its equipment is used in fertilizer, ethylene, methanol and downstream chemical facilities. The company derives key revenue from the sale of Heat transfer equipment. It derives revenue from the US and other countries.

Executives

Alan E Smith	officer: VP of Operations	GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Daniel J. Thoren	officer: President and COO	C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Christopher J. Thome	officer: VP-Finance; CFO	C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Cari L Jaroslawsky	director	C/O HARTER SECREST & EMERY LLP, 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Troy A. Stoner	director	C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Jeffrey Glajch	officer: VP-Finance; CFO	GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
James J Barber	director	C/O METABOLIX, INC., 21 ERIE STREET, CAMBRIDGE MA 02139
Lisa M. Schnorr	director	C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Jonathan W Painter	director	ONE ACTO PLACE, SUITE 202, ACTON MA 01720
Alan Fortier	director	GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Matthew Malone	officer: VP & GM of Barber-Nichols	C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
James R Lines	officer: VP Marketing & Sales	11 HILLSIDE PARKWY, LANCSTER NY 14068
Jennifer R Condame	officer: CAO and Controller	GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
John N Rice	officer: Vice President of Sales	GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Gerard T Mazurkiewicz	director