H&E Equipment Services (FRA:H6P) Long-Term Capital Lease Obligation : €188 Mil (As of Mar. 2024)

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What is H&E Equipment Services Long-Term Capital Lease Obligation?

H&E Equipment Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €188 Mil.

H&E Equipment Services's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€176 Mil) to Dec. 2023 (€171 Mil) but then increased from Dec. 2023 (€171 Mil) to Mar. 2024 (€188 Mil).

H&E Equipment Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€137 Mil) to Dec. 2022 (€161 Mil) and increased from Dec. 2022 (€161 Mil) to Dec. 2023 (€171 Mil).

H&E Equipment Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for H&E Equipment Services'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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H&E Equipment Services Long-Term Capital Lease Obligation Chart

H&E Equipment Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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143.83

128.72

137.44

161.11

171.29

H&E Equipment Services 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															158.07	162.51	175.52	171.29	188.08

H&E Equipment Services (FRA:H6P) 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.

H&E Equipment Services Long-Term Capital Lease Obligation Related Terms

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H&E Equipment Services (FRA:H6P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » H&E Equipment Services Inc (FRA:H6P) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HEES:USA

Address

7500 Pecue Lane, Baton Rouge, LA, USA, 70809

Website

https://www.he-equipment.com

H&E Equipment Services Inc is an integrated equipment services company. It is focused on heavy construction and industrial equipment. It rents, sells, and provides parts and services support for four core categories of equipment including hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It engages in five principal business activities: equipment rentals; new equipment sales; used equipment sales; parts sales; and repair and maintenance services. The majority of its revenue is derived from the equipment rentals segment.

H&E Equipment Services (FRA:H6P) Headlines

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