Generac Holdings (Generac Holdings) Long-Term Capital Lease Obligation

: $226 Mil (As of Dec. 2023)

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Generac Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $226 Mil.

Generac Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($346 Mil) to Sep. 2023 ($182 Mil) but then increased from Sep. 2023 ($182 Mil) to Dec. 2023 ($226 Mil).

Generac Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($377 Mil) to Dec. 2022 ($197 Mil) but then increased from Dec. 2022 ($197 Mil) to Dec. 2023 ($226 Mil).

Generac Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Generac Holdings'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.

Generac Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

164.56

205.02

376.65

196.61

225.87

Generac Holdings 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																196.61	344.58	345.87	182.05	225.87

Generac Holdings (NYSE:GNRC) 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.

Generac Holdings Long-Term Capital Lease Obligation Related Terms

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Generac Holdings (Generac Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Generac Holdings Inc (NYSE:GNRC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GNRC:Mexico G84:Germany

Address

S45 W29290 Highway 59, Waukesha, WI, USA, 53189

Website

https://www.generac.com

Generac Power Systems designs and manufactures power generation equipment serving residential, commercial, and industrial markets. It offers standby generators, portable generators, lighting, outdoor power equipment, and a suite of clean energy products. Sales generated in the United States account for the majority of total sales.

Executives

Aaron Jagdfeld	director, officer: Chief Executive Officer	C/O GENERAC HOLDINGS INC., S45 W29290 HWY.59, WAUKESHA WI 53187
Rajendra Kumar Kanuru	officer: EVP, GC, Corp. Secretary	S45 W29290 HIGHWAY 59, WAUKESHA WI 53189
Robert D Dixon	director	7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501
Norman P Taffe	officer: President Energy Technology	3901 NORTH FIRST STREET, SAN JOSE CA 95134
Russell S Minick	officer: Executive Vice President Sales	414 EAST THIRD STREET, MUSCATINE IA 52761
Nam Tran Nguyen	director	S45 W29290 HIGHWAY 59, WAUKESHA WI 53189
York A. Ragen	officer: Chief Financial Officer	C/O GENERAC HOLDINGS INC., S45 W29290 HWY.59, WAUKESHA WI 53187
Patrick John Forsythe	officer: Exec Vice President	C/O GENERAC HOLDINGS INC., P.O. BOX 8, WAUKESHA WI 53189
Erik Wilde	officer: EVP - NAM Industrial	S45 W29290 HWY 59, C/O GENERAC HOLDINGS, INC., WAUKESHA WI 53189
Kyle Andrew Raabe	officer: EVP Consumer Power	S45 W29290 HIGHWAY 59, WAUKESHA WI 53189
Thomas F Pettit	officer: Chief Operations Officer	5695 MERRY LANE, EXCELSIOR MN 55331
Marcia J Avedon	director	C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036
Roger Pascavis	officer: Senior VP, Operations	C/O GENERAC HOLDINGS INC., S45 W29290 HWY.59, WAUKESHA WI 53187
Jeffrey Lee Mueller	officer: President/GM - Consumer Power	GENERAC POWER SYSTEMS, INC., S45 W29290 HWY. 59, WAUKESHA WI 53189
Jenkins William D Jr	director	C/O PALO ALTO NETWORKS INC, 3000 TANNERY WAY, SANTA CLARA CA 95054