Legrand (FRA:LRC) Long-Term Capital Lease Obligation : €221 Mil (As of Mar. 2024)

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What is Legrand Long-Term Capital Lease Obligation?

Legrand's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €221 Mil.

Legrand's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€228 Mil) to Dec. 2023 (€216 Mil) but then increased from Dec. 2023 (€216 Mil) to Mar. 2024 (€221 Mil).

Legrand's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€217 Mil) to Dec. 2022 (€208 Mil) but then increased from Dec. 2022 (€208 Mil) to Dec. 2023 (€216 Mil).

Legrand Long-Term Capital Lease Obligation Historical Data

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

Legrand Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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258.10

219.30

217.00

207.50

216.30

Legrand 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															233.40	228.90	227.50	216.30	221.00

Legrand (FRA:LRC) 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.

Legrand Long-Term Capital Lease Obligation Related Terms

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Legrand (FRA:LRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legrand SA (FRA:LRC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LGRVF:USA LGRDY:USA LR:Mexico LRp:UK 0MW7:UK LR:France LRC:Germany LR:Austria

Address

128, Avenue de Lattre de Tassigny, Cedex, Limoges, FRA, 87045

Website

https://www.legrand.com

Legrand is a global manufacturer of low-voltage electrical components, which are mostly used in residential (40%) and nonresidential (40%) buildings. Its products include wiring devices, cable management, lighting, and audio visual equipment, sold under approximately 80 brands across 180 countries. Its products are sold primarily through specialist distributors that subsequently sell to installers/electricians. Legrand is a major supplier to global electrical equipment distributors, including Rexel and Sonepar. North America and Europe each account for 40% of group sales.

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