Evercore (FRA:QGJ) Long-Term Capital Lease Obligation : €394 Mil (As of Mar. 2024)

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What is Evercore Long-Term Capital Lease Obligation?

Evercore's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €394 Mil.

Evercore's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€411 Mil) to Dec. 2023 (€398 Mil) and declined from Dec. 2023 (€398 Mil) to Mar. 2024 (€394 Mil).

Evercore's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€263 Mil) to Dec. 2022 (€263 Mil) but then increased from Dec. 2022 (€263 Mil) to Dec. 2023 (€398 Mil).

Evercore Long-Term Capital Lease Obligation Historical Data

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

Evercore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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195.53

246.83

263.26

262.51

398.20

Evercore 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															270.28	389.02	410.54	398.20	394.00

Evercore (FRA:QGJ) 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.

Evercore Long-Term Capital Lease Obligation Related Terms

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Evercore (FRA:QGJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Evercore Inc (FRA:QGJ) » Definitions » Long-Term Capital Lease Obligation

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EVR:USA

Address

55 East 52nd Street, New York, NY, USA, 10055

Website

https://www.evercore.com

Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities trading, equity underwriting, and investment management businesses that account for around 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had approximately 1,800 employees at the end of 2022, and about 75% of its revenue is derived from the United States.

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