General Finance (General Finance) Long-Term Capital Lease Obligation : $81.1 Mil (As of Mar. 2021)

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What is General Finance Long-Term Capital Lease Obligation?

General Finance's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $81.1 Mil.

General Finance's quarterly Long-Term Capital Lease Obligation increased from Sep. 2020 ($77.9 Mil) to Dec. 2020 ($80.1 Mil) and increased from Dec. 2020 ($80.1 Mil) to Mar. 2021 ($81.1 Mil).

General Finance's annual Long-Term Capital Lease Obligation increased from Jun. 2018 ($6.7 Mil) to Jun. 2019 ($7.0 Mil) and increased from Jun. 2019 ($7.0 Mil) to Jun. 2020 ($75.1 Mil).

General Finance Long-Term Capital Lease Obligation Historical Data

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

General Finance Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Long-Term Capital Lease Obligation

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6.65

6.96

75.14

General Finance Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															64.40	75.14	77.91	80.12	81.06

General Finance (NAS:GFN) 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.

General Finance Long-Term Capital Lease Obligation Related Terms

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General Finance (General Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » General Finance Corp (NAS:GFN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 East Union Street, Pasadena, CA, USA, 91103

Website

http://www.generalfinance.com

General Finance Corp is a specialty rental services company. The company offers portable storage, modular space, and liquid containment solutions, with a diverse and expanding lease fleet of 78,605 units. The company serves a diverse range of customers across a broad range of industries, including the commercial, construction, transportation, industrial, energy, manufacturing, mining, retail, education and government sectors. The company is organized geographically across two principal operating segments, North America and Asia-Pacific.

Executives

Neil Gagnon	10 percent owner	1370 AVENUE OF THE AMERICAS, 24TH FLOOR, NEW YORK NY 10019
Ronald Valenta	director, 10 percent owner	39 EAST UNION STREET PASADENA CA 91103
Christopher A Wilson	officer: General Counsel, VP, Secretary	39 EAST UNION STREET PASADENA CA 91103
Jeffrey A Kluckman	officer: Executive Vice President	39 EAST UNION STREET PASADENA CA 91103
Charles E Barrantes	officer: Chief Financial Officer	39 EAST UNION STREET PASADENA CA 91103
Jody Edwin Miller	director, officer: CEO & President	39 EAST UNION STREET PASADENA CA 91103
Theodore M. Mourouzis	officer: President of Pac-Van, Inc.	9155 HARRISON PARK COURT INDIANAPOLIS IN 46216
Eric Weber	officer: CFO of Pac-Van, Inc.	9155 HARRISON PARK COURT INDIANAPOLIS IN 46216
William H Baribault	director	39 EAST UNION STREET PASADENA CA 91103
Larry D Tashjian	director	39 EAST UNION STREET PASADENA CA 91103
Gregory B Baker	officer: CFO-GFN Asia Pacific Holdings	LEVEL 3 1 MERRIWA STREET GORDON NSW C3 2072
Neil Littlewood	officer: CEO of Royal Wolf Holdings	LEVEL 3 1 MERRIWA STREET GORDON NSW C3 2072
Susan L Harris	director	39 EAST UNION STREET, PASADENA CA 91103
Manuel Marrero	director	39 EAST UNION STREET PASADENA CA 91103
James B Roszak	director	39 EAST UNION STREET PASADENA CA 91103