Expeditors International of Washington (BSP:E1XP34) Long-Term Capital Lease Obligation : R$2,097 Mil (As of Dec. 2023)

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What is Expeditors International of Washington Long-Term Capital Lease Obligation?

Expeditors International of Washington's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$2,097 Mil.

Expeditors International of Washington's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (R$2,072 Mil) to Sep. 2023 (R$2,072 Mil) and increased from Sep. 2023 (R$2,072 Mil) to Dec. 2023 (R$2,097 Mil).

Expeditors International of Washington's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$2,181 Mil) to Dec. 2022 (R$2,218 Mil) but then declined from Dec. 2022 (R$2,218 Mil) to Dec. 2023 (R$2,097 Mil).

Expeditors International of Washington Long-Term Capital Lease Obligation Historical Data

The historical data trend for Expeditors International of Washington'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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Expeditors International of Washington Long-Term Capital Lease Obligation Chart

Expeditors International of Washington Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,339.49

1,873.62

2,180.76

2,217.99

2,097.04

Expeditors International of Washington Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,217.99	2,198.83	2,071.70	2,072.29	2,097.04

Expeditors International of Washington (BSP:E1XP34) 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.

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Expeditors International of Washington (BSP:E1XP34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Expeditors International of Washington Inc (BSP:E1XP34) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

EXPD:USA EXPD:Mexico EW1:Germany

Address

1015 Third Avenue, Seattle, WA, USA, 98104

Website

https://www.expeditors.com

Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2022, Expeditors derived 34% of consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.

Expeditors International of Washington (BSP:E1XP34) Headlines

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