Gerdau (Gerdau) Long-Term Capital Lease Obligation

: $185 Mil (As of Dec. 2023)

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Gerdau's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $185 Mil.

Gerdau's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($185 Mil) to Sep. 2023 ($202 Mil) but then declined from Sep. 2023 ($202 Mil) to Dec. 2023 ($185 Mil).

Gerdau's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($114 Mil) to Dec. 2022 ($144 Mil) and increased from Dec. 2022 ($144 Mil) to Dec. 2023 ($185 Mil).

Gerdau Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gerdau'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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Gerdau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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146.60

121.44

113.76

143.88

184.59

Gerdau 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	Get a 7-Day Free Trial															143.88	154.56	184.90	201.57	184.59

Gerdau (NYSE:GGB) 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.

Gerdau Long-Term Capital Lease Obligation Related Terms

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Gerdau (Gerdau) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gerdau SA (NYSE:GGB) » Definitions » Long-Term Capital Lease Obligation

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Address

Avenida Dra. Ruth Cardoso, 8,501 - 8th Floor, Sao Paulo, SP, BRA, 05425-070

Website

https://www.gerdau.com

Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company's geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives most of the revenue from the Brazil Operations segment.