ABM Industries (FRA:AB4) Long-Term Capital Lease Obligation : €88 Mil (As of Jan. 2024)

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What is ABM Industries Long-Term Capital Lease Obligation?

ABM Industries's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €88 Mil.

ABM Industries's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (€85 Mil) to Oct. 2023 (€94 Mil) but then declined from Oct. 2023 (€94 Mil) to Jan. 2024 (€88 Mil).

ABM Industries's annual Long-Term Capital Lease Obligation increased from Oct. 2021 (€101 Mil) to Oct. 2022 (€106 Mil) but then declined from Oct. 2022 (€106 Mil) to Oct. 2023 (€94 Mil).

ABM Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for ABM Industries'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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ABM Industries Long-Term Capital Lease Obligation Chart

ABM Industries Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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111.69

100.51

106.07

93.56

ABM Industries 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															94.47	89.38	84.71	93.56	88.04

ABM Industries (FRA:AB4) 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.

ABM Industries Long-Term Capital Lease Obligation Related Terms

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ABM Industries (FRA:AB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ABM Industries Inc (FRA:AB4) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ABM:USA AB4:Germany

Address

One Liberty Plaza, 7th Floor, New York, NY, USA, 10006

Website

https://www.abm.com

ABM Industries Inc is a provider of integrated facility solutions. It offers its solutions through five segments: Business and Industry, Manufacturing and Distribution, Education, Aviation and Technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America.

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