Ryerson Holding (FRA:7RY) Long-Term Capital Lease Obligation : €314 Mil (As of Mar. 2024)

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What is Ryerson Holding Long-Term Capital Lease Obligation?

Ryerson Holding's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €314 Mil.

Ryerson Holding's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€277 Mil) to Dec. 2023 (€309 Mil) and increased from Dec. 2023 (€309 Mil) to Mar. 2024 (€314 Mil).

Ryerson Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€164 Mil) to Dec. 2022 (€203 Mil) and increased from Dec. 2022 (€203 Mil) to Dec. 2023 (€309 Mil).

Ryerson Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ryerson Holding'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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Ryerson Holding Long-Term Capital Lease Obligation Chart

Ryerson Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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101.52

76.45

163.55

203.05

308.85

Ryerson Holding 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															204.83	278.47	276.79	308.85	314.46

Ryerson Holding (FRA:7RY) 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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Ryerson Holding (FRA:7RY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ryerson Holding Corp (FRA:7RY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RYI:USA

Address

227 West Monroe Street, 27th Floor, Chicago, IL, USA, 60606

Website

https://www.ryerson.com

Ryerson Holding Corp provides a metals service center, and value-added processor and is a distributor of industrial metals with operations in the United States, Canada and Mexico. In addition to its North American operations, it conducts processing and distribution operations in China. Its customers range from local, independently owned fabricators and machine shops to large, international original equipment manufacturers. It carries a full line of products in stainless steel, aluminium, carbon steel, and alloy steels and a limited line of nickel and red metals in various shapes and forms. The company generates substantially all of its revenue from sales of metal products. Geographically, the majority is from the United States.

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