Adtalem Global Education (FRA:DVY) Long-Term Capital Lease Obligation : €147 Mil (As of Mar. 2024)

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What is Adtalem Global Education Long-Term Capital Lease Obligation?

Adtalem Global Education's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €147 Mil.

Adtalem Global Education's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€150 Mil) to Dec. 2023 (€155 Mil) but then declined from Dec. 2023 (€155 Mil) to Mar. 2024 (€147 Mil).

Adtalem Global Education's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (€139 Mil) to Jun. 2022 (€167 Mil) but then declined from Jun. 2022 (€167 Mil) to Jun. 2023 (€151 Mil).

Adtalem Global Education Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adtalem Global Education'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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Adtalem Global Education Long-Term Capital Lease Obligation Chart

Adtalem Global Education Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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156.32

138.67

167.49

150.86

Adtalem Global Education 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															153.35	150.86	150.41	154.61	146.94

Adtalem Global Education (FRA:DVY) 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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Adtalem Global Education (FRA:DVY) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Adtalem Global Education Inc (FRA:DVY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ATGE:USA DVY:Germany

Address

500 West Monroe Street, Suite 28, Chicago, IL, USA, 60661

Website

https://www.adtalem.com

Adtalem Global Education Inc is an American for-profit educational company that operates various university and educational programs. The company runs eight colleges and universities that specialize in business, medicine, education, and nursing degree programs. DeVry Education Group has over 90 campuses as well as online courses that offer associate, bachelor, and postgraduate degrees. Enrollment in its business colleges represents almost half of overall student enrollment, followed by technology and healthcare. The company derives the majority of its revenue from student enrollment fees using federal financial aid programs such as Pell Fund grants.