Upbound Group (Upbound Group) Long-Term Capital Lease Obligation : $288 Mil (As of Mar. 2024)

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What is Upbound Group Long-Term Capital Lease Obligation?

Upbound Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $288 Mil.

Upbound Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($300 Mil) to Dec. 2023 ($293 Mil) and declined from Dec. 2023 ($293 Mil) to Mar. 2024 ($288 Mil).

Upbound Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($297 Mil) to Dec. 2022 ($306 Mil) but then declined from Dec. 2022 ($306 Mil) to Dec. 2023 ($293 Mil).

Upbound Group Long-Term Capital Lease Obligation Historical Data

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

Upbound Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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285.04

285.35

296.54

305.56

293.44

Upbound Group 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															304.06	298.91	299.51	293.44	288.12

Upbound Group (NAS:UPBD) 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.

Upbound Group Long-Term Capital Lease Obligation Related Terms

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Upbound Group (Upbound Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Upbound Group Inc (NAS:UPBD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

5501 Headquarters Drive, Plano, TX, USA, 75024

Website

https://www.upbound.com

Upbound Group Inc is an omnichannel platform company committed to elevating financial opportunity for all through inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. It has four operating segments; The Rent-A-Center Business segment operates lease-to-own stores, the Acima segment, offers the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer, and also offers the lease-to-own transaction through virtual offering solutions across e-commerce, digital, and mobile channels, Mexico segment offers lease-to-own stores in Mexico. The franchising segment offers the sale of rental merchandise to its franchisees. The company derives a majority of its revenue from the Acima segment.

Executives

Jeffrey J Brown	other: See Footnote 1	19900 MACARTHUR BLVD, SUITE 570, IRVINE CA 92612
Tyler Montrone	officer: EVP, Acima	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Anthony J Blasquez	officer: EVP, Operations	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Sudeep Gautam	officer: EVP, Chief Tech & Digital Off	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Fahmi Karam	officer: EVP, Chief Financial Officer	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Aaron R Allred	officer: EVP, Acima	3 DAWN HILL DR, SANDY UT 84092
Mitchell E Fadel	other: See Footnote 1	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Jen You	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Christopher B. Hetrick	other: See Footnote 1	610 NEWPORT CENTER DRIVE, SUITE 250, NEWPORT BEACH CA 92660
Transient C Taylor	officer: EVP, Human Resources	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Maureen B Short	officer: CFO	5501 HEADQUARTERS DR, PLANO TX 75024
Ann L Davids	officer: EVP, Chief Marketing Officer	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Catherine M Skula	officer: EVP, Franchising	5501 HEADQUARTERS DR, C/O RENT-A-CENTER, INC., PLANO TX 75024
Brinson Caleb Silver	director	C/O RENT-A-CENTER, INC., 5501 HEADQUARTERS DRIVE, PLANO TX 75024
Harold G Lewis	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024