RXNPA.PFD (Zurn Elkay Water Solutions) Long-Term Capital Lease Obligation : $66 Mil (As of Sep. 2024)

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What is Zurn Elkay Water Solutions Long-Term Capital Lease Obligation?

Zurn Elkay Water Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $66 Mil.

Zurn Elkay Water Solutions's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($55 Mil) to Jun. 2024 ($59 Mil) and increased from Jun. 2024 ($59 Mil) to Sep. 2024 ($66 Mil).

Zurn Elkay Water Solutions's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($9 Mil) to Dec. 2022 ($35 Mil) and increased from Dec. 2022 ($35 Mil) to Dec. 2023 ($58 Mil).

Zurn Elkay Water Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zurn Elkay Water Solutions'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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Zurn Elkay Water Solutions Long-Term Capital Lease Obligation Chart

Zurn Elkay Water Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.90

34.60

58.10

Zurn Elkay Water Solutions Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															60.60	58.10	55.30	59.30	66.30

Zurn Elkay Water Solutions (NYSE:RXNpA.PFD) 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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Zurn Elkay Water Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zurn Elkay Water Solutions Corp (NYSE:RXNpA.PFD) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ZWS:USA 4RX0:Germany

Address

511 West Freshwater Way, Milwaukee, WI, USA, 53204

Website

https://www.zurn-elkay.com

Zurn Elkay Water Solutions Corp designs procure, manufactures, and markets a range of clean water solutions for drinking water, hygiene, and sustainable water management. The Zurn Elkay product portfolio includes professional-grade water control and safety, water distribution and drainage, drinking water, finish plumbing, hygienic, environmental and site works products for public and private spaces.

Executives

Emma M Mctague	director	1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Jeffrey A Schoon	officer: Executive Vice President	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Kate Silha	officer: Chief Human Resources Officer	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Ice Mountain Llc	10 percent owner	C/O THE NORTHERN TRUST COMPANY, 50 S. LASALLE ST., B-3, CHICAGO IL 60603
Ronald C. Katz	10 percent owner	827 S. GARFIELD STREET, HINSDALE IL 60521
Katz 2004 Dyn Trust	10 percent owner	C/O ERROL R. HALPERIN, 444 W. LAKE STREET, SUITE 900, CHICAGO IL 60606
Cascade Bay Llc	10 percent owner	C/O THE NORTHERN TRUST COMPANY, 50 S. LASALLE ST., B-3, CHICAGO IL 60603
Hamilton William Edward Iv	officer: Pres. Elkay Mfg. Company	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Errol R. Halperin	director	C/O VITAL THERAPIES, INC., 15010 AVENUE OF SCIENCE, SUITE 200, SAN DIEGO CA 92128
Timothy J Jahnke	director	115 ANSLEY WAY, ROSWELL GA 30075
Jeffrey J. Lavalle	officer: VP, General Counsel & Sec'y	511 W. FRESHWATER WAY, MILWAUKEE WI 53204
Todd A. Adams	director, officer: Chairman, President & CEO	4701 WEST GREENFIELD AVENUE, MILWAUKEE WI 53214
George C Moore	director	C/O REXNORD CORPORATION, 4701 WEST GREENFIELD AVENUE, MILWAUKEE WI 53214
Mark W Peterson	officer: SVP & Chief Financial Officer	4701 WEST GREENFIELD AVENUE, MILWAUKEE WI 53214
Craig Wehr	officer: Group Ex., President-Zurn	C/O REXNORD CORPORATION, P.O. BOX 2022, MILWAUKEE WI 53201