Beacon Roofing Supply (Beacon Roofing Supply) Long-Term Capital Lease Obligation

: $524 Mil (As of Dec. 2023)

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Beacon Roofing Supply's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $524 Mil.

Beacon Roofing Supply's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($464 Mil) to Sep. 2023 ($478 Mil) and increased from Sep. 2023 ($478 Mil) to Dec. 2023 ($524 Mil).

Beacon Roofing Supply's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($334 Mil) to Dec. 2022 ($449 Mil) and increased from Dec. 2022 ($449 Mil) to Dec. 2023 ($524 Mil).

Beacon Roofing Supply Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beacon Roofing Supply'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.

Beacon Roofing Supply Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec22

Dec23

Long-Term Capital Lease Obligation

295.70

334.20

449.10

524.00

Beacon Roofing Supply Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																449.10	447.30	464.00	478.20	524.00

Beacon Roofing Supply (NAS:BECN) 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.

Beacon Roofing Supply Long-Term Capital Lease Obligation Related Terms

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Beacon Roofing Supply (Beacon Roofing Supply) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Beacon Roofing Supply Inc (NAS:BECN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

OWY:Germany

Address

505 Huntmar Park Drive, Suite 300, Herndon, VA, USA, 20170

Website

https://www.becn.com

Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States.

Executives

Jason L Taylor	officer: President, West Division	505 HUNTMAR PARK DR, SUITE 300, HERNDON VA 20170
James J Gosa	officer: President, North/Canada Div.	505 HUNTMAR PARK DR, SUITE 300, HERNDON VA 20170
Cd&r Investment Associates Ix, Ltd.	10 percent owner	MAPLES CORPORATE SERVICES LIMITED, UGLAND HOUSE, GRAND CAYMAN E9 KY101194
Best Clement Munroe Iii	officer: President, South Division	505 HUNTMAR PARK DR, SUITE 300, HERNDON VA 20170
Julian Francis	director, officer: President & CEO	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Christopher Carl Nelson	officer: EVP, CIO	505 HUNTMAR PARK DR, SUITE 300, HERNDON VA 20170
Robert M Mclaughlin	director	C/O AIRGAS, INC., 259 NORTH RADNOR-CHESTER RD, RADNOR PA 19087
Martin S. Harrell	officer: President, Waterproofing	3401 PHILIPS HWY, JACKSONVILLE FL 32207
Christine Stroh Reddy	officer: EVP, General Counsel	505 HUNTMAR PARK DRIVE, SUITE 300, HERNDON VA 20170
Stuart A Randle	director	585 WEST 500 SOUTH, BOUNTIFUL UT 84010
Racquel Harris Mason	director	C/O ELANCO ANIMAL HEALTH INCORPORATED, 2500 INNOVATION WAY, GREENFIELD IN 46140
Hart Melanie Housey	director	POOL CORPORATION, 109 NORTHPARK BLVD, COVINGTON LA 70433
Frank A Lonegro	officer: EVP & Chief Financial Officer	500 WATER STREET, JACKSONVILLE FL 32202
Jonathan Stuart Bennett	officer: EVP & CCO	505 HUNTMAR PARK DR, SUITE 300, HERNDON VA 20170
Sean M. Mcdevitt	officer: EVP & CHRO	505 HUNTMAR PARK DR, SUITE 300, HERNDON VA 20170