Ashtead Group (Ashtead Group) Long-Term Capital Lease Obligation : $2,374 Mil (As of Jan. 2024)

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What is Ashtead Group Long-Term Capital Lease Obligation?

Ashtead Group's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was $2,374 Mil.

Ashtead Group's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 ($2,264 Mil) to Oct. 2023 ($2,273 Mil) and increased from Oct. 2023 ($2,273 Mil) to Jan. 2024 ($2,374 Mil).

Ashtead Group's annual Long-Term Capital Lease Obligation increased from Apr. 2021 ($1,465 Mil) to Apr. 2022 ($1,807 Mil) and increased from Apr. 2022 ($1,807 Mil) to Apr. 2023 ($2,161 Mil).

Ashtead Group Long-Term Capital Lease Obligation Historical Data

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

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Long-Term Capital Lease Obligation

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3.49

1,269.20

1,464.60

1,806.60

2,161.10

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,077.30	2,161.10	2,264.20	2,272.60	2,373.90

Ashtead Group (OTCPK:ASHTY) 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.

Ashtead Group Long-Term Capital Lease Obligation Related Terms

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Ashtead Group (Ashtead Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ASHTF:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.