Superior Group Of (Superior Group Of) Long-Term Capital Lease Obligation : $12.5 Mil (As of Mar. 2024)

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What is Superior Group Of Long-Term Capital Lease Obligation?

Superior Group Of's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $12.5 Mil.

Superior Group Of's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($13.4 Mil) to Dec. 2023 ($12.8 Mil) and declined from Dec. 2023 ($12.8 Mil) to Mar. 2024 ($12.5 Mil).

Superior Group Of's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($3.7 Mil) to Dec. 2022 ($3.9 Mil) and increased from Dec. 2022 ($3.9 Mil) to Dec. 2023 ($12.8 Mil).

Superior Group Of Long-Term Capital Lease Obligation Historical Data

The historical data trend for Superior Group Of'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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Superior Group Of Long-Term Capital Lease Obligation Chart

Superior Group Of Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.38

1.60

3.73

3.94

12.81

Superior Group Of 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															8.47	9.68	13.44	12.81	12.51

Superior Group Of (NAS:SGC) 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.

Superior Group Of Long-Term Capital Lease Obligation Related Terms

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Superior Group Of (Superior Group Of) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Superior Group Of Companies Inc (NAS:SGC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

6G6:Germany

Address

10055 Seminole Boulevard, Seminole, FL, USA, 33772

Website

https://www.superiorgroupofcompanies.com

Superior Group Of Companies Inc designs apparel products. The company's operating segment includes Branded Products; Healthcare Apparel and Contact Centers. It generates maximum revenue from the Branded Products segment. The Branded Products segment produce and sell customized merchandising solutions, promotional products and branded uniform programs to customers.

Executives

Michael Koempel	officer: CFO	10055 SEMINOLE BLVD, SEMINOLE FL 33777
Michael Benstock	director, officer: Chief Executive Officer	C/O SUPERIOR UNIFORM GROUP INC, 10055 SEMINOLE BLVD, SEMINOLE FL 33772
Todd E Siegel	director	2003 GANDY BLVD. NORTH, SUITE 800, ST. PETERSBURG FL 33702
Catherine Beldotti Donlan	officer: President, SUG Healthcare	10055 SEMINOLE BLVD, SEMINOLE FL 33777
Paul V Mellini	director	SUPERIOR UNIFORM GROUP, INC., 10055 SEMINOLE BLVD., SEMINOLE FL 33772
Sidney Kirschner	director	C/O SUPERIOR UNIFORM GROUP INC, PO BOX 4002, SEMINOLE FL 33775
Jake Himelstein	officer: President, BAMKO, LLC	10055 SEMINOLE BLVD, SEMINOLE FL 33777
Robin Hensley	director	C/O SUPERIOR UNIFORM GROUP INC, PO BOX 4002, SEMINOLE FL 33775
Philip Koosed	other: President of BAMKO, LLC	10055 SEMINOLE BLVD., SEMINOLE X1 33772
Venita Elaine Fields	director	10055 SEMINOLE BLVD., SEMINOLE FL 33772
Jordan M. Alpert	officer: Secretary & General Counsel	SUPERIOR UNIFORM GROUP, INC., 10055 SEMINOLE BLVD., SEMINOLE FL 33772
Michael Attinella	officer: CFO & Treasurer	C/O SUPERIOR GROUP OF COMPANIES, INC., 10055 SEMINOLE BLVE, SEMINOLE FL 33772
Demott Andrew D Jr	officer: Senior V.P., CFO	C/O SUPERIOR UNIFORM GROUP INC, 10055 SEMINOLE BLVD, SEMINOLE FL 33772
Gerald M Benstock	director, 10 percent owner, officer: Chairman of the Board	SUPERIOR UNIFORM GROUP INC, 10055 SEMINOLE BLVD, SEMINOLE FL 33772
Dominic Leide	V.P. Admin & Customer Support, other: President of The Office Gurus	SUPERIOR UNIFORM GROUP, INC., 10055 SEMINOLE BLVD., SEMINOLE FL 33772