D.R. Horton (LTS:0I6K) Long-Term Capital Lease Obligation : $47 Mil (As of Mar. 2024)

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What is D.R. Horton Long-Term Capital Lease Obligation?

D.R. Horton's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $47 Mil.

D.R. Horton's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($48 Mil) to Dec. 2023 ($45 Mil) but then increased from Dec. 2023 ($45 Mil) to Mar. 2024 ($47 Mil).

D.R. Horton's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($37 Mil) to Sep. 2022 ($48 Mil) and increased from Sep. 2022 ($48 Mil) to Sep. 2023 ($48 Mil).

D.R. Horton Long-Term Capital Lease Obligation Historical Data

The historical data trend for D.R. Horton'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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D.R. Horton Long-Term Capital Lease Obligation Chart

D.R. Horton Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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37.00

47.90

48.10

D.R. Horton 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															44.70	45.70	48.10	44.50	47.20

D.R. Horton (LTS:0I6K) 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.

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D.R. Horton (LTS:0I6K) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » D.R. Horton Inc (LTS:0I6K) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

DHI:USA HO2:Germany D1HI34:Brazil

Address

1341 Horton Circle, Arlington, TX, USA, 76011

Website

https://www.drhorton.com

D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.

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