The Brink's Co (FRA:PTY) Long-Term Capital Lease Obligation : €242 Mil (As of Mar. 2024)

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What is The Brink's Co Long-Term Capital Lease Obligation?

The Brink's Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €242 Mil.

The Brink's Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€253 Mil) to Dec. 2023 (€244 Mil) and declined from Dec. 2023 (€244 Mil) to Mar. 2024 (€242 Mil).

The Brink's Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€214 Mil) to Dec. 2022 (€236 Mil) and increased from Dec. 2022 (€236 Mil) to Dec. 2023 (€244 Mil).

The Brink's Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for The Brink's Co'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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The Brink's Co Long-Term Capital Lease Obligation Chart

The Brink's Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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196.56

219.64

213.99

235.91

243.74

The Brink's Co 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															240.32	248.29	252.71	243.74	241.78

The Brink's Co (FRA:PTY) 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.

The Brink's Co Long-Term Capital Lease Obligation Related Terms

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The Brink's Co (FRA:PTY) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » The Brink's Co (FRA:PTY) » Definitions » Long-Term Capital Lease Obligation

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BCO:USA

Address

1801 Bayberry Court, P.O. Box 18100, Richmond, VA, USA, 23226-8100

Website

https://www.brinks.com

The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses.