Acuity Brands (Acuity Brands) Long-Term Capital Lease Obligation : $68 Mil (As of Feb. 2024)

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What is Acuity Brands Long-Term Capital Lease Obligation?

Acuity Brands's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was $68 Mil.

Acuity Brands's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 ($76 Mil) to Nov. 2023 ($70 Mil) and declined from Nov. 2023 ($70 Mil) to Feb. 2024 ($68 Mil).

Acuity Brands's annual Long-Term Capital Lease Obligation increased from Aug. 2021 ($47 Mil) to Aug. 2022 ($67 Mil) and increased from Aug. 2022 ($67 Mil) to Aug. 2023 ($76 Mil).

Acuity Brands Long-Term Capital Lease Obligation Historical Data

The historical data trend for Acuity Brands'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.

Acuity Brands Long-Term Capital Lease Obligation Chart

Acuity Brands Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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56.80

46.70

67.40

75.50

Acuity Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															72.40	78.00	75.50	70.00	67.50

Acuity Brands (NYSE:AYI) 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.

Acuity Brands Long-Term Capital Lease Obligation Related Terms

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Acuity Brands (Acuity Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Acuity Brands Inc (NYSE:AYI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AQ8:Germany AQ8:Germany

Address

1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, USA, 30309

Website

https://www.acuitybrands.com

Acuity Brands Inc is the parent company of Acuity Brands Lighting and other subsidiaries, which provide lighting products for commercial, institutional, industrial, and residential applications. These products include luminaires, lighting controls, lighting components, and integrated lighting systems that use a combination of light sources. Customers include electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A majority of the firms' revenue is generated in the United States.

Executives

Dianne B Mills	officer: SVP & Chief HR Officer	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Barry R Goldman	officer: SVP & General Counsel	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 30309
Laura O'shaughnessy	director	C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018
Karen J Holcom	officer: Interim CFO	1170 PEACHTREE STREET, NE, SUITE 2400, ATLANTA GA 30309
Michael J Bender	director	3980 BAUGHMAN GRANT ROAD, NEW ALBANY OH 43054
Marcia J Avedon	director	C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Mark Sachleben	director	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Mary A Winston	director	557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012
Maya Leibman	director	4333 AMON CARTER BLVD, FORT WORTH TX 76155
Neil Ashe	director, officer: President & CEO	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Robert F Mccullough	director	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 300309
Ray M Robinson	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Dillard George Douglas Jr	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
W. Patrick Battle	director	1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA X1 30309