What does finance lease liabilities mean?

Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

Espey Manufacturing & Electronics Corp. ESP Finance Lease Liabilities

Discontinued — last reported Q4 '23

Finance Lease Liabilities at other companies

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$18M-5.3%

Warrior Met CoalHCC

$50.48M+804%

CNB FinancialCCNE

$18.03M+19.1%

Aebi Schmidt Holding AG Common StockAEBI

$2.08M-0.4%

MYR GroupMYRG

$998K-42.8%

Alignment HealthcareALHC

$185K—

Other financials

Income statement

See full

Revenue$11.4M+10.9%

Gross profit$4.2M+43.4%

Operating income$3.0M+70.4%

Net income$2.9M+68.1%

EPS (diluted)$0.99+57.1%

Balance sheet

See full

Cash & equivalents$21.2M+52.7%

Total debt$561.9K—

Total equity$56.4M+21.8%

Total assets$96.0M+31.8%

Cash flow

See full

Operating cash flow$3.4M-70.4%

CapEx$188.7K-80.4%

Free cash flow$3.2M-69.5%

Valuation

See full

Market cap$194.65M+50.4%

P/E18.1×+2.2×

P/S4.6×+1.7×

Profitability

See full

Gross margin36.5%+10.2pp

Operating margin25.4%+8.9pp

Net margin25.5%+10.0pp

FCF margin47.7%+33.5pp

Returns & leverage

See full

Return on equity21%+4.4pp

Debt / equity0×—

Current ratio2.3×-0.3×

Where this comes from

Reported directly by Espey Manufacturing & Electronics Corp. in its filing.

Tagged under the XBRL concept us-gaap:FinanceLeaseLiability.

The official record: Espey Manufacturing & Electronics Corp.’s 10-Q, filed February 12, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Espey Manufacturing & Electronics Corp.'s finance lease liabilities?: Espey Manufacturing & Electronics Corp. (ESP) reported finance lease liabilities of $561.85K in Q2 2023.
What does finance lease liabilities mean?: Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.