H&R Block (FRA:HRB) Long-Term Capital Lease Obligation : €198 Mil (As of Mar. 2024)

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What is H&R Block Long-Term Capital Lease Obligation?

H&R Block's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €198 Mil.

H&R Block's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€210 Mil) to Dec. 2023 (€191 Mil) but then increased from Dec. 2023 (€191 Mil) to Mar. 2024 (€198 Mil).

H&R Block's annual Long-Term Capital Lease Obligation increased from Apr. 2021 (€203 Mil) to Jun. 2022 (€216 Mil) and increased from Jun. 2022 (€216 Mil) to Jun. 2023 (€222 Mil).

H&R Block Long-Term Capital Lease Obligation Historical Data

The historical data trend for H&R Block'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&R Block Long-Term Capital Lease Obligation Chart

H&R Block Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Jun22

Jun23

Long-Term Capital Lease Obligation

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287.56

202.84

216.46

222.02

H&R Block Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															185.95	222.02	210.23	191.41	197.79

H&R Block (FRA:HRB) 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&R Block Long-Term Capital Lease Obligation Related Terms

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H&R Block (FRA:HRB) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » H&R Block Inc (FRA:HRB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HRB:USA H1RB34:Brazil

Address

One H&R Block Way, Kansas City, MO, USA, 64105

Website

https://www.hrblock.com

H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.