Monro (MNRO) Long-Term Capital Lease Obligation : $445 Mil (As of Dec. 2023)

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What is Monro Long-Term Capital Lease Obligation?

Monro's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $445 Mil.

Monro's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($471 Mil) to Sep. 2023 ($454 Mil) and declined from Sep. 2023 ($454 Mil) to Dec. 2023 ($445 Mil).

Monro's annual Long-Term Capital Lease Obligation increased from Mar. 2021 ($544 Mil) to Mar. 2022 ($550 Mil) but then declined from Mar. 2022 ($550 Mil) to Mar. 2023 ($486 Mil).

Monro Long-Term Capital Lease Obligation Historical Data

The historical data trend for Monro'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.

Monro Long-Term Capital Lease Obligation Chart

Monro Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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238.09

469.33

544.05

550.11

486.39

Monro 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															499.24	486.39	470.56	453.83	444.57

Monro (NAS:MNRO) 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.

Monro Long-Term Capital Lease Obligation Related Terms

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Monro (MNRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Monro Inc (NAS:MNRO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MR2:Germany MR2:Germany

Address

200 Holleder Parkway, Rochester, NY, USA, 14615

Website

https://www.monro.com

Monro Inc is a provider automobile service stations in the United States. Through its network of company-owned service stations, Monro Muffler Brake offers maintenance, repair, tire, and fleet management services for automobiles focused largely on undercar services such as brake, steering, exhaust, drivetrain, and suspension systems. Next to service stores, the company also offers tire stores specialised in tire replacement and service.

Executives

Michael T Broderick	director, officer: CEO & President	26555 NORTHWESTERN HIGHWAY, SOUTHFIELD MI 48033
Hope B Woodhouse	director	1601 UTICA AVENUE, SUITE 900, ST. LOUIS PARK MN 55416
John L Auerbach	director	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Leah C. Johnson	director	182 NORTH UNION AVENUE, FARMINGTON UT 84025
Stephen C Mccluski	director	80 ARKAY DRIVE, HAUPPAUGE NY 11788
Nicholas P Hawryschuk	officer: Vice President - Finance	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Matt Henson	officer: Chief Human Resource Officer	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Peter J Solomon	director	C/O PETER J SOLOMON COMPANY, 520 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Brian D Odonnell	officer: SVP - Training	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Robert E Mellor	director	SEVEN MADRONE AVE, KENTFIELD CA 94904
Robert Rajkowski	officer: COO	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Donna Maxwell	officer: CHRO	200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Donald Glickman	director	535 MADISON AVENUE, NEW YORK NY 10022
Maureen Mulholland	officer: Senior VP, General Counsel	C/O MONRO, INC., 200 HOLLEDER PARKWAY, ROCHESTER NY 14615
Raymond L Pickens	officer: Divisional Vice President	6606 SWEET AIR LANE, ELDERSBURG MD 21784