Maytronics (XTAE:MTRN) Long-Term Capital Lease Obligation : ₪127 Mil (As of Mar. 2024)

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What is Maytronics Long-Term Capital Lease Obligation?

Maytronics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₪127 Mil.

Maytronics's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₪116 Mil) to Dec. 2023 (₪133 Mil) but then declined from Dec. 2023 (₪133 Mil) to Mar. 2024 (₪127 Mil).

Maytronics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₪92 Mil) to Dec. 2022 (₪124 Mil) and increased from Dec. 2022 (₪124 Mil) to Dec. 2023 (₪133 Mil).

Maytronics Long-Term Capital Lease Obligation Historical Data

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

Maytronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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76.46

81.78

92.37

124.15

132.64

Maytronics 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															120.42	117.81	116.00	132.64	127.15

Maytronics (XTAE:MTRN) 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.

Maytronics Long-Term Capital Lease Obligation Related Terms

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Maytronics (XTAE:MTRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maytronics Ltd (XTAE:MTRN) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Kibbutz Yizreel, Jezreel, ISR, 19350

Website

https://www.maytronics.co.il

Maytronics Ltd is an Israel-based company which provides a complete solution for swimming pool care. It delivers automatic pool cleaners, environment-friendly water treatment systems, and pool safety products to residential and commercial swimming pool owners and operators across the world. The company's product brands are Dolphin line of robotic pool cleaners, the AQUAlife pool covers and Aqualarm and Espio pool alarms. Its operating segment includes Manufacturing of private pool cleaning robots as a key revenue driver; Manufacturing of public pool cleaning robots and Safety products and related pool products.