Legg Mason (Legg Mason) Long-Term Capital Lease Obligation : $269 Mil (As of Jun. 2020)

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What is Legg Mason Long-Term Capital Lease Obligation?

Legg Mason's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $269 Mil.

Legg Mason's quarterly Long-Term Capital Lease Obligation declined from Dec. 2019 ($286 Mil) to Mar. 2020 ($279 Mil) and declined from Mar. 2020 ($279 Mil) to Jun. 2020 ($269 Mil).

Legg Mason's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2018 ($0 Mil) to Mar. 2019 ($0 Mil) but then increased from Mar. 2019 ($0 Mil) to Mar. 2020 ($279 Mil).

Legg Mason Long-Term Capital Lease Obligation Historical Data

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

Legg Mason Annual Data

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Long-Term Capital Lease Obligation

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278.74

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															315.45	297.83	285.91	278.74	269.04

Legg Mason (NYSE:LM) 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.

Legg Mason Long-Term Capital Lease Obligation Related Terms

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Legg Mason (Legg Mason) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Long-Term Capital Lease Obligation

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Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.