Advantage Solutions (Advantage Solutions) Long-Term Capital Lease Obligation : $35.44 Mil (As of Dec. 2023)

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What is Advantage Solutions Long-Term Capital Lease Obligation?

Advantage Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $35.44 Mil.

Advantage Solutions's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($0.00 Mil) but then increased from Sep. 2023 ($0.00 Mil) to Dec. 2023 ($35.44 Mil).

Advantage Solutions's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($40.44 Mil) to Dec. 2022 ($56.37 Mil) but then declined from Dec. 2022 ($56.37 Mil) to Dec. 2023 ($35.44 Mil).

Advantage Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Advantage Solutions'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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Advantage Solutions Long-Term Capital Lease Obligation Chart

Advantage Solutions Annual Data

Trend

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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84.90

44.74

40.44

56.37

35.44

Advantage Solutions Quarterly Data
	Dec16	Mar17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															56.37	-	-	-	35.44

Advantage Solutions (NAS:ADVWW) 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.

Advantage Solutions Long-Term Capital Lease Obligation Related Terms

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Advantage Solutions (Advantage Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Advantage Solutions Inc (NAS:ADVWW) » Definitions » Long-Term Capital Lease Obligation

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ADV:USA

Address

15310 Barranca Parkway, Suite 100, Irvine, CA, USA, 92618

Website

https://www.advantagesolutions.net

Advantage Solutions Inc is the provider of outsourced sales and marketing solutions to consumer goods companies and retailers. It has a technology-enabled platform of sales and marketing services like headquarter sales, retail merchandising, in-store sampling, digital commerce, and shopper marketing. For brands and retailers of all sizes, the firm helps to get the right products on the shelf and into the hands of consumers. The company helps its clients to sell more while spending less. Advantage has offices throughout North America and strategic investments in select markets throughout Africa, Asia, Australia, and Europe through which it services the global needs of multinational, regional, and local manufacturers. Its services are provided across two segments sales and marketing.