GMS (GMS) Long-Term Capital Lease Obligation : $271 Mil (As of Jan. 2025)

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What is GMS Long-Term Capital Lease Obligation?

GMS's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2025 was $271 Mil.

GMS's quarterly Long-Term Capital Lease Obligation increased from Jul. 2024 ($241 Mil) to Oct. 2024 ($248 Mil) and increased from Oct. 2024 ($248 Mil) to Jan. 2025 ($271 Mil).

GMS's annual Long-Term Capital Lease Obligation increased from Apr. 2022 ($112 Mil) to Apr. 2023 ($142 Mil) and increased from Apr. 2023 ($142 Mil) to Apr. 2024 ($329 Mil).

GMS Long-Term Capital Lease Obligation Historical Data

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

GMS Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Long-Term Capital Lease Obligation

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89.61

90.29

112.16

141.79

329.32

GMS Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															146.13	329.32	241.04	248.01	270.73

GMS (NYSE:GMS) 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.

GMS Long-Term Capital Lease Obligation Related Terms

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GMS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GMS Inc (NYSE:GMS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CLG:Germany

Address

100 Crescent Centre Parkway, Suite 800, Tucker, GA, USA, 30084

Website

https://www.gms.com

GMS Inc is a distributor of specialty building products including wallboard, suspended ceiling systems, ceilings, steel framing, and other complementary building products. The company serves its products to commercial new construction, commercial repair and remodel, residential new construction, and residential repair and remodel (R&R). Its geographical segment is Central, Midwest, New York, Northeast, Southern, Southeast, Southwest, Western and Canada, and Ames. The company generates maximum revenue from Wallboard products.

Executives

Turner John C Jr	officer: President	1009 WIMBERLY COURT, ALLEN TX 75013-1195
Theron I Gilliam	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
George T Hendren	officer: Chief Operating Officer	100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Craig D Apolinsky	officer: VP, GC & Corporate Secretary	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
J David Smith	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
John J Gavin	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
William Forrest Bell	officer: Chief Accounting Officer	1001 SUMMIT BLVD, NE, ATLANTA GA 30319
Scott M Deakin	officer: VP, Chief Financial Officer	123 MAIN STREET, BRISTOL CT 06011-2185
Coliseum Capital Management, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Peter C Browning	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Leigh R Dobbs	officer: Chief Human Resources Officer	100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Coliseum Capital Co-invest Iii, L.p.	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Adam Gray	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Christopher S Shackelton	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Coliseum Capital, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853