Titan Machinery (Titan Machinery) Long-Term Capital Lease Obligation

: $51 Mil (As of Jan. 2024)

View and export this data going back to 2007. Start your Free Trial

Titan Machinery's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $51 Mil.

Titan Machinery's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 ($42 Mil) to Oct. 2023 ($39 Mil) but then increased from Oct. 2023 ($39 Mil) to Jan. 2024 ($51 Mil).

Titan Machinery's annual Long-Term Capital Lease Obligation declined from Jan. 2022 ($57 Mil) to Jan. 2023 ($49 Mil) but then increased from Jan. 2023 ($49 Mil) to Jan. 2024 ($51 Mil).

Titan Machinery Long-Term Capital Lease Obligation Historical Data

The historical data trend for Titan Machinery'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.

Titan Machinery Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

88.39

73.57

57.11

48.51

50.96

Titan Machinery Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															48.51	45.77	42.17	38.69	50.96

Titan Machinery (NAS:TITN) 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.

Titan Machinery Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Titan Machinery's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Titan Machinery (Titan Machinery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Titan Machinery Inc (NAS:TITN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

3TY:Germany

Address

644 East Beaton Drive, West Fargo, ND, USA, 58078-2648

Website

https://www.titanmachinery.com

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.

Executives

Stan K. Erickson	director	10380 28TH AVENUE NORTH, MINNEAPOLIS MN 55441
Robert Larsen	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Frank Anglin	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Tony Christianson	director
David Joseph Meyer	director, officer: Chairman and CEO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bryan J Knutson	officer: Chief Operating Officer	C/O TITAN MACHINERY INC., 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Mark P. Kalvoda	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bradley Crews	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Christine E Hamilton	director	225 S MAIN AVE, P O BOX 5000, SIOUX FALLS SD 57117
John W Henderson	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Jody L Horner	director	C/O TITAN MACHINERY, 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Richard L Mack	director	9590 SKY LANE, EDEN PRAIRIE MN 55347
Theodore M Crosbie	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Peter J. Christianson	director, officer: President and CFO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
James Irwin	director	10543 EAST MARK LANE, SCOTTSDALE AZ 85262