Quanta Services (Quanta Services) Long-Term Capital Lease Obligation : $187 Mil (As of Dec. 2023)

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What is Quanta Services Long-Term Capital Lease Obligation?

Quanta Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $187 Mil.

Quanta Services's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($182 Mil) to Sep. 2023 ($188 Mil) but then declined from Sep. 2023 ($188 Mil) to Dec. 2023 ($187 Mil).

Quanta Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($170 Mil) to Dec. 2022 ($172 Mil) and increased from Dec. 2022 ($172 Mil) to Dec. 2023 ($187 Mil).

Quanta Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Quanta Services'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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Quanta Services Long-Term Capital Lease Obligation Chart

Quanta Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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196.52

178.82

170.43

171.51

187.00

Quanta Services 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															171.51	181.52	181.71	188.14	187.00

Quanta Services (NYSE:PWR) 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.

Quanta Services Long-Term Capital Lease Obligation Related Terms

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Quanta Services (Quanta Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanta Services Inc (NYSE:PWR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

QAA:Germany QAA:Germany Q1UA34:Brazil

Address

277 North Loop West, Houston, TX, USA, 77008

Website

https://www.quantaservices.com

Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure. In 2021, the company acquired Blattner, a provider of comprehensive engineering, procurement, and construction solutions to customers in the renewable energy industry.

Executives

Donald Wayne	officer: EVP and General Counsel	2727 NORTH LOOP WEST, HOUSTON TX 77008-1044
Raul Javier Valentin	director	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Dorothy Upperman	officer: VP Tax	2727 NORTH LOOP WEST, HOUSTON TX 77008-1044
Bernard Fried	director	QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008
Worthing F Jackman	director	QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008
Ducey Gerald A Jr	officer: Pres. - Strategic Operations	2727 NORTH LOOP WEST, HOUSTON TX 77008
Austin Earl C. Jr.	director, officer: President, CEO and COO	QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008-1044
James Redgie Probst	officer: President - Electric Power	2727 NORTH LOOP WEST, HOUSTON TX 77008-1044
Derrick A Jensen	officer: Chief Financial Officer	QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175
Robert Scott Rowe	director	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Vincent D Foster	director	QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008
Paul Nobel	officer: Chief Accounting Officer & VP	C/O QUANTA SERVICES, INC., 2727 NORTH LOOP WEST, HOUSTON TX 77008-1044
John Michal Conaway	director	QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175
Holli C. Ladhani	director	2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056
Nicholas M Grindstaff	officer: VP - Finance and Treasurer	QUANTA SERVICES, INC., 2800 POST OAK BLVD., SUITE 2600, HOUSTON TX 77056-6175