Forterra (Forterra) Long-Term Capital Lease Obligation : $23.4 Mil (As of Dec. 2023)

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What is Forterra Long-Term Capital Lease Obligation?

Forterra's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $23.4 Mil.

Forterra's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($16.2 Mil) to Jun. 2023 ($20.3 Mil) and increased from Jun. 2023 ($20.3 Mil) to Dec. 2023 ($23.4 Mil).

Forterra's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($16.0 Mil) to Dec. 2022 ($16.2 Mil) and increased from Dec. 2022 ($16.2 Mil) to Dec. 2023 ($23.4 Mil).

Forterra Long-Term Capital Lease Obligation Historical Data

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

Forterra Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.80

8.07

15.96

16.20

23.42

Forterra Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															15.96	14.41	16.20	20.33	23.42

Forterra (OTCPK:FTTRF) 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.

Forterra Long-Term Capital Lease Obligation Related Terms

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Forterra (Forterra) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Forterra PLC (OTCPK:FTTRF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FORTl:UK FORT:UK F0T:Germany

Address

5 Grange Park Court, Roman Way, Northampton, GBR, NN4 5EA

Website

https://www.forterra.co.uk

Forterra PLC operates in the construction industry. The company, with its subsidiaries, manufactures and sale of bricks, dense and lightweight blocks, precast concrete, concrete block paving, and other complementary building products. The company operates in three segments based on its products: Bricks, Blocks, and Bespoke Products. The bricks and block together account for majority of its revenue. The Bespoke Products range comprises precast concrete, concrete block paving, chimney, and roofing solutions.

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