Acme United (FRA:UT1) Long-Term Capital Lease Obligation : €3.7 Mil (As of Mar. 2024)

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What is Acme United Long-Term Capital Lease Obligation?

Acme United's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3.7 Mil.

Acme United's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1.2 Mil) to Dec. 2023 (€0.9 Mil) but then increased from Dec. 2023 (€0.9 Mil) to Mar. 2024 (€3.7 Mil).

Acme United's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2.1 Mil) to Dec. 2022 (€1.6 Mil) and declined from Dec. 2022 (€1.6 Mil) to Dec. 2023 (€0.9 Mil).

Acme United Long-Term Capital Lease Obligation Historical Data

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

Acme United Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.77

1.36

2.09

1.59

0.94

Acme United Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.52	1.30	1.20	0.94	3.74

Acme United (FRA:UT1) 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.

Acme United Long-Term Capital Lease Obligation Related Terms

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Acme United (FRA:UT1) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Acme United Corp (FRA:UT1) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ACU:USA

Address

1 Waterview Drive, Shelton, CT, USA, 06484

Website

https://www.acmeunited.com

Acme United Corp is a supplier of first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods, and industrial markets. Its principal products sold across all segments are first aid kits and medical products, scissors, shears, knives, rulers, pencil sharpeners, and sharpening tools. The Company sells its products to mass market and e-commerce retailers, industrial distributors, wholesale, contract, and retail stationery distributors, office supply superstores, sporting goods stores, and hardware chains. The Company's reportable business segments consist of the United States, Canada, and Europe, out of which a majority of the company's revenue is derived from the United States.

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