Fastenal Co (LTS:0IKW) Long-Term Capital Lease Obligation : $186 Mil (As of Mar. 2024)

View and export this data going back to 1990. Start your Free Trial

What is Fastenal Co Long-Term Capital Lease Obligation?

Fastenal Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $186 Mil.

Fastenal Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($182 Mil) to Dec. 2023 ($179 Mil) but then increased from Dec. 2023 ($179 Mil) to Mar. 2024 ($186 Mil).

Fastenal Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($156 Mil) to Dec. 2022 ($155 Mil) but then increased from Dec. 2022 ($155 Mil) to Dec. 2023 ($179 Mil).

Fastenal Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fastenal Co'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.

* Premium members only.

Fastenal Co Long-Term Capital Lease Obligation Chart

Fastenal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

148.20

151.50

156.00

155.20

178.80

Fastenal Co 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															156.70	173.30	181.90	178.80	186.00

Fastenal Co (LTS:0IKW) 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.

Fastenal Co Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Fastenal Co's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Fastenal Co (LTS:0IKW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Fastenal Co (LTS:0IKW) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FAST:USA FAS:Germany FASL34:Brazil FAST:Austria

Address

2001 Theurer Boulevard, Winona, MN, USA, 55987-1500

Website

https://www.fastenal.com

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.

Fastenal Co (LTS:0IKW) Headlines

No Headlines