Asbury Automotive Group (FRA:AWG) Long-Term Capital Lease Obligation : €194 Mil (As of Mar. 2024)

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What is Asbury Automotive Group Long-Term Capital Lease Obligation?

Asbury Automotive Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €194 Mil.

Asbury Automotive Group's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€202 Mil) to Dec. 2023 (€204 Mil) but then declined from Dec. 2023 (€204 Mil) to Mar. 2024 (€194 Mil).

Asbury Automotive Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€214 Mil) to Dec. 2022 (€206 Mil) and declined from Dec. 2022 (€206 Mil) to Dec. 2023 (€204 Mil).

Asbury Automotive Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asbury Automotive Group'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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Asbury Automotive Group Long-Term Capital Lease Obligation Chart

Asbury Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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47.34

249.64

214.17

206.17

203.67

Asbury Automotive Group 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															209.40	201.86	202.21	203.67	194.21

Asbury Automotive Group (FRA:AWG) 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.

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Asbury Automotive Group (FRA:AWG) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Asbury Automotive Group Inc (FRA:AWG) » Definitions » Long-Term Capital Lease Obligation

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Address

2905 Premiere Parkway North West, Suite 300, Duluth, GA, USA, 30097

Website

https://www.asburyauto.com

Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 138 new-vehicle stores, seven used-vehicle stores, and 32 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 14 states (mostly Texas, the West, and the Southeast). Asbury store brands include David McDavid and Park Place in Texas, and the Larry H. Miller brand in the Western U.S. It plans to acquire Koons in the Washington, D.C. area in late 2023 or early 2024. Asbury generated $15.4 billion of revenue in 2022 and is based in the Atlanta area. The firm targets about $32 billion in 2025.

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