Flowserve (FRA:FWV) Long-Term Capital Lease Obligation : €133 Mil (As of Mar. 2024)

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What is Flowserve Long-Term Capital Lease Obligation?

Flowserve's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €133 Mil.

Flowserve's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€130 Mil) to Dec. 2023 (€127 Mil) but then increased from Dec. 2023 (€127 Mil) to Mar. 2024 (€133 Mil).

Flowserve's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€148 Mil) to Dec. 2022 (€147 Mil) and declined from Dec. 2022 (€147 Mil) to Dec. 2023 (€127 Mil).

Flowserve Long-Term Capital Lease Obligation Historical Data

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

Flowserve Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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136.37

144.87

147.61

146.51

127.16

Flowserve 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															140.60	134.99	130.16	127.16	133.16

Flowserve (FRA:FWV) 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.

Flowserve Long-Term Capital Lease Obligation Related Terms

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Flowserve (FRA:FWV) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flowserve Corp (FRA:FWV) » Definitions » Long-Term Capital Lease Obligation

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FLS:USA FWV:Germany

Address

5215 North O’Connor Boulevard, Suite 700, Irving, TX, USA, 75039

Website

https://www.flowserve.com

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several global industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a worldwide network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, advanced diagnostics, repair, and retrofitting. Sales are roughly split across many global regions, with North America and Europe contributing the majority of total revenue.

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