RUSMF (Russel Metals) Long-Term Capital Lease Obligation : $111 Mil (As of Mar. 2025)

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What is Russel Metals Long-Term Capital Lease Obligation?

Russel Metals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $111 Mil.

Russel Metals's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 ($115 Mil) to Dec. 2024 ($113 Mil) and declined from Dec. 2024 ($113 Mil) to Mar. 2025 ($111 Mil).

Russel Metals's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($83 Mil) to Dec. 2023 ($82 Mil) but then increased from Dec. 2023 ($82 Mil) to Dec. 2024 ($113 Mil).

Russel Metals Long-Term Capital Lease Obligation Historical Data

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

Russel Metals Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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69.33

73.20

82.59

81.69

113.01

Russel Metals Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															83.11	82.82	115.09	113.01	111.10

Russel Metals (OTCPK:RUSMF) 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.

Russel Metals Long-Term Capital Lease Obligation Related Terms

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Russel Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (OTCPK:RUSMF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

RMZ:Germany RMZ:Germany RUS:Canada

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business through three metals distribution segments: Metals Service Centers; Energy Field Stores; and Steel Distributors. The Metal Service Centers provide processing and distribution services to a broad base of end-users. The Energy Field Stores segment distributes oil country tubular goods, line pipes, tubes, valves, and fittings, to the energy industry in Western Canada and the U.S. The Steel Distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. It generates the majority of its revenue from the Metals Service Centers segment and geographically majority of revenue comes from Canada.