Cemtrex (Cemtrex) Long-Term Capital Lease Obligation : $1.43 Mil (As of Dec. 2023)

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What is Cemtrex Long-Term Capital Lease Obligation?

Cemtrex's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.43 Mil.

Cemtrex's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($1.50 Mil) to Sep. 2023 ($1.61 Mil) but then declined from Sep. 2023 ($1.61 Mil) to Dec. 2023 ($1.43 Mil).

Cemtrex's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($2.02 Mil) to Sep. 2022 ($1.82 Mil) and declined from Sep. 2022 ($1.82 Mil) to Sep. 2023 ($1.61 Mil).

Cemtrex Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cemtrex'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.

Cemtrex Long-Term Capital Lease Obligation Chart

Cemtrex Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.02

2.03

2.02

1.82

1.61

Cemtrex 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															1.73	1.57	1.50	1.61	1.43

Cemtrex (NAS:CETX) 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.

Cemtrex Long-Term Capital Lease Obligation Related Terms

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Cemtrex (Cemtrex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cemtrex Inc (NAS:CETX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CETXP.PFD:USA C42:Germany

Address

135 Fell Ct. Hauppaug, New York, NY, USA, 11222

Website

https://www.cemtrex.com

Cemtrex Inc is a multi-industry technology company. It has expanded in a range of sectors, including smart technologies, virtual and augmented realities, industrial solutions, and intelligent security system. The company's operating segment includes the Security segment, Industrial Services segment and the Corporate segment. It generates maximum revenue from the Security segment. It geographically operates in USA, UK and India wherein maximum revenue is generated in USA.

Executives

Saagar Govil	director, officer: Secretary and Director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Renato Dela Rama	officer: VP of Finance /CFO	19 ENGINEERS LANE, FARMINGDALE NY 11735
Shamik Shah	director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Ducon Technologies, Inc.	other: See remarks	19 ENGINEERS LANE, FARMINGDALE NY 11735
Sunny Patel	director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Metodi Filipov	director, officer: Vice President Operations	19 ENGINEERS LANE, FARMINGDALE NY 11735
Arun Govil	director, officer: See Remarks	19 ENGINEERS LANE, FARMINGDALE NY 11735
Rama Rehato Dela	director, officer: Vice President and Director	19 ENGINEERS LANE, FARMINGDALE NY 11735
Ravi Narayan	director, officer: VICE PRESIDENT AND DIRECTOR	19 ENGINEERS LANE, FARMINGDALE NY 11735