Griffon (FRA:GFF) Long-Term Capital Lease Obligation : €129 Mil (As of Jun. 2024)

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What is Griffon Long-Term Capital Lease Obligation?

Griffon's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €129 Mil.

Griffon's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (€140 Mil) to Mar. 2024 (€134 Mil) and declined from Mar. 2024 (€134 Mil) to Jun. 2024 (€129 Mil).

Griffon's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€101 Mil) to Sep. 2022 (€161 Mil) but then declined from Sep. 2022 (€161 Mil) to Sep. 2023 (€138 Mil).

Griffon Long-Term Capital Lease Obligation Historical Data

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

Griffon Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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110.87

101.42

161.01

137.95

Griffon Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															142.70	137.95	139.70	133.67	128.82

Griffon (FRA:GFF) 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.

Griffon Long-Term Capital Lease Obligation Related Terms

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Griffon Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Griffon Corp (FRA:GFF) » Definitions » Long-Term Capital Lease Obligation

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GFF:USA

Address

712 Fifth Avenue, 18th Floor, New York, NY, USA, 10019

Website

https://www.griffon.com

Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Consumer and Professional Products and Home and Building Products. The company generates a majority of its revenue from the Home and Building Products segment.