AutoNation (FRA:RWI) Long-Term Capital Lease Obligation : €353 Mil (As of Mar. 2024)

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What is AutoNation Long-Term Capital Lease Obligation?

AutoNation's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €353 Mil.

AutoNation's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€318 Mil) to Dec. 2023 (€333 Mil) and increased from Dec. 2023 (€333 Mil) to Mar. 2024 (€353 Mil).

AutoNation's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€230 Mil) to Dec. 2022 (€280 Mil) and increased from Dec. 2022 (€280 Mil) to Dec. 2023 (€333 Mil).

AutoNation Long-Term Capital Lease Obligation Historical Data

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

AutoNation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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274.50

235.50

230.19

280.27

333.05

AutoNation 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															280.29	313.64	317.92	333.05	352.82

AutoNation (FRA:RWI) 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.

AutoNation Long-Term Capital Lease Obligation Related Terms

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AutoNation (FRA:RWI) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoNation Inc (FRA:RWI) » Definitions » Long-Term Capital Lease Obligation

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AN:USA

Address

200 SW 1st Avenue, Fort Lauderdale, FL, USA, 33301

Website

https://www.autonation.com

AutoNation is the second largest automotive dealer in the United States, with 2022 revenue of $27 billion and over 250 dealerships, plus 53 collision centers. The firm also has 16 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors all across 20 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.

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