Lamar Advertising Co's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,090 Mil.
Lamar Advertising Co's quarterly Long-Term Capital Lease Obligation
increased
from Jun. 2023 ($1,055 Mil) to Sep. 2023 ($1,093 Mil) but then
declined
from Sep. 2023 ($1,093 Mil) to Dec. 2023 ($1,090 Mil).
Lamar Advertising Co's annual Long-Term Capital Lease Obligation
increased
from Dec. 2021 ($1,013 Mil) to Dec. 2022 ($1,052 Mil) and
increased
from Dec. 2022 ($1,052 Mil) to Dec. 2023 ($1,090 Mil).
Lamar Advertising Co Long-Term Capital Lease Obligation Historical Data
The historical data trend for Lamar Advertising Co'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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Lamar Advertising Co Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Long-Term Capital Lease Obligation
1,068.18
1,012.38
1,012.63
1,051.60
1,089.90
Lamar Advertising Co 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
1,051.60
1,046.57
1,054.61
1,093.49
1,089.90
Lamar Advertising Co (NAS:LAMR) 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.
Lamar Advertising Co Long-Term Capital Lease Obligation Related Terms
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Lamar Advertising Co (Lamar Advertising Co) Business Description
Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.
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