Griffon (Griffon) Long-Term Capital Lease Obligation : $145 Mil (As of Mar. 2024)

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What is Griffon Long-Term Capital Lease Obligation?

Griffon's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $145 Mil.

Griffon's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($147 Mil) to Dec. 2023 ($152 Mil) but then declined from Dec. 2023 ($152 Mil) to Mar. 2024 ($145 Mil).

Griffon's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($119 Mil) to Sep. 2022 ($159 Mil) but then declined from Sep. 2022 ($159 Mil) to Sep. 2023 ($147 Mil).

Griffon Long-Term Capital Lease Obligation Historical Data

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

Griffon Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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130.59

119.32

159.41

147.22

Griffon 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															155.02	154.61	147.22	152.34	145.30

Griffon (NYSE:GFF) 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.

Griffon Long-Term Capital Lease Obligation Related Terms

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Griffon (Griffon) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Griffon Corp (NYSE:GFF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GFF:Germany

Address

712 Fifth Avenue, 18th Floor, New York, NY, USA, 10019

Website

https://www.griffon.com

Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Consumer and Professional Products and Home and Building Products. The company generates a majority of its revenue from the Home and Building Products segment.

Executives

Voss Value-oriented Special Situations Fund, Lp	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, L.p.	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, Lp	director, other: See Remarks	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Travis W. Cocke	director, other: See Remarks	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Advisors Gp, Llc	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Capital, Llc	director	3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Michelle L Taylor	director	712 FIFTH AVENUE, C/O GRIFFON CORPORATION, NEW YORK NY 10019
Diao H.c. Charles	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Lacy M. Johnson	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Louis J. Grabowsky	director	6605 ABERDEEN, DALLAS TX 75230
Henry A Alpert	director
Kevin F Sullivan	director	C/O GRIFFON CORPORATION, 712 FIFTH AVENUE, NEW YORK NY 10019
Jerome L Coben	director	5482 WILSHIRE BLVD., #1579, LOS ANGELES CA 90036
Thomas Brosig	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Seth L. Kaplan	officer: Sr VP, Gen. Counsel and Secy	712 FIFTH AVENUE, 18TH FLOOR, NEW YORK NY 10019