Armstrong World Industries (BSP:AWII34) Long-Term Capital Lease Obligation : R$234 Mil (As of Mar. 2024)

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What is Armstrong World Industries Long-Term Capital Lease Obligation?

Armstrong World Industries's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$234 Mil.

Armstrong World Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (R$225 Mil) to Dec. 2023 (R$215 Mil) but then increased from Dec. 2023 (R$215 Mil) to Mar. 2024 (R$234 Mil).

Armstrong World Industries's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R$183 Mil) to Dec. 2022 (R$146 Mil) but then increased from Dec. 2022 (R$146 Mil) to Dec. 2023 (R$215 Mil).

Armstrong World Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Armstrong World Industries'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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Armstrong World Industries Long-Term Capital Lease Obligation Chart

Armstrong World Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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123.55

171.83

183.22

145.82

214.61

Armstrong World Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															130.74	185.41	224.71	214.61	233.55

Armstrong World Industries (BSP:AWII34) 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.

Armstrong World Industries Long-Term Capital Lease Obligation Related Terms

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Armstrong World Industries (BSP:AWII34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Armstrong World Industries Inc (BSP:AWII34) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AWI:USA 91A:Germany

Address

2500 Columbia Avenue, Lancaster, PA, USA, 17603

Website

https://www.armstrongceilings.com

Armstrong World Industries Inc is engaged in the design, innovation and manufacture of ceiling and wall solutions in the Americas. The products include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. The company also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc. called Worthington Armstrong Venture (WAVE).

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