Loomis AB (Loomis AB) Long-Term Capital Lease Obligation : $391 Mil (As of Mar. 2024)

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What is Loomis AB Long-Term Capital Lease Obligation?

Loomis AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $391 Mil.

Loomis AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($321 Mil) to Dec. 2023 ($371 Mil) and increased from Dec. 2023 ($371 Mil) to Mar. 2024 ($391 Mil).

Loomis AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($258 Mil) to Dec. 2022 ($288 Mil) and increased from Dec. 2022 ($288 Mil) to Dec. 2023 ($371 Mil).

Loomis AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Loomis AB'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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Loomis AB Long-Term Capital Lease Obligation Chart

Loomis AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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245.22

251.70

258.32

287.82

370.75

Loomis AB 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															290.66	304.30	321.16	370.75	391.31

Loomis AB (OTCPK:LOIMF) 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.

Loomis AB Long-Term Capital Lease Obligation Related Terms

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Loomis AB (Loomis AB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Loomis AB (OTCPK:LOIMF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LOOMIS:Sweden 0JYZ:UK K900:Germany

Address

Drottninggatan 82, 4th floor, P.O Box 702, Stockholm, SWE, 111 36

Website

https://www.loomis.com

Loomis AB is a Sweden-based company primarily engaged in cash handling services, which include cash in transit, or CIT, and cash management services, or CMS. CIT involves transporting cash to and from stores, banks and ATMs. CMS involves moving cash from customers to Loomis' cash centers where Loomis counts and packages bills and coins with quality assurance. CMS also involves cash flow analyzing, forecasting, and reporting, as well as other customized solutions. Besides CIT and CMS, Loomis also provides cross-border transportation services and general cargo services. Its segments are Europe, the United States, and Loomis Pay.