Outfront Media (FRA:76C) Long-Term Capital Lease Obligation : €1,289 Mil (As of Mar. 2024)

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What is Outfront Media Long-Term Capital Lease Obligation?

Outfront Media's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,289 Mil.

Outfront Media's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1,368 Mil) to Dec. 2023 (€1,300 Mil) and declined from Dec. 2023 (€1,300 Mil) to Mar. 2024 (€1,289 Mil).

Outfront Media's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1,158 Mil) to Dec. 2022 (€1,292 Mil) and increased from Dec. 2022 (€1,292 Mil) to Dec. 2023 (€1,300 Mil).

Outfront Media Long-Term Capital Lease Obligation Historical Data

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

Outfront Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,156.59

1,029.14

1,157.93

1,292.34

1,299.76

Outfront Media 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															1,363.27	1,364.01	1,367.65	1,299.76	1,288.74

Outfront Media (FRA:76C) 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.

Outfront Media Long-Term Capital Lease Obligation Related Terms

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Outfront Media (FRA:76C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Outfront Media Inc (FRA:76C) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

OUT:USA

Address

405 Lexington Avenue, 17th Floor, New York, NY, USA, 10174

Website

https://www.outfrontmedia.com

Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's major customers include entities within the retail, television, healthcare, and entertainment industries.

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