Landsea Homes (Landsea Homes) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)

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What is Landsea Homes Long-Term Capital Lease Obligation?

Landsea Homes's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.

Landsea Homes's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($13.07 Mil) but then declined from Dec. 2023 ($13.07 Mil) to Mar. 2024 ($0.00 Mil).

Landsea Homes's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($13.19 Mil) to Dec. 2022 ($16.43 Mil) but then declined from Dec. 2022 ($16.43 Mil) to Dec. 2023 ($13.07 Mil).

Landsea Homes Long-Term Capital Lease Obligation Historical Data

The historical data trend for Landsea Homes'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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Landsea Homes Long-Term Capital Lease Obligation Chart

Landsea Homes Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

6.40

13.19

16.43

13.07

Landsea Homes Quarterly Data
	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													-	-	-	13.07	-

Landsea Homes (NAS:LSEAW) 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.

Landsea Homes Long-Term Capital Lease Obligation Related Terms

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Landsea Homes (Landsea Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Landsea Homes Corp (NAS:LSEAW) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LSEA:USA 8HJ:Germany

Address

660 Newport Center Drive, Suite 300, Newport Beach, CA, USA, 92660

Website

https://www.landseahomes.com

Landsea Homes Corp is a homebuilding company. It designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company's segments include Arizona, California, Florida, Metro New York, and Texas. It derives a majority of revenue from California.