SCI (Service International) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2024)

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What is Service International Long-Term Capital Lease Obligation?

Service International's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil.

Service International's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($48 Mil) to Dec. 2022 ($45 Mil) but then increased from Dec. 2022 ($45 Mil) to Dec. 2023 ($46 Mil).

Service International Long-Term Capital Lease Obligation Historical Data

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

Service International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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52.09

48.66

48.18

45.31

46.05

Service International 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															-	46.05	-	-	-

Service International (NYSE:SCI) 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.

Service International Long-Term Capital Lease Obligation Related Terms

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Service International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Service Corp International (NYSE:SCI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SVC:Germany SVC:Germany

Address

1929 Allen Parkway, Houston, TX, USA, 77019

Website

https://www.sci-corp.com

Service Corp International is a personal services company that provides funeral and cemetery services and products from its locations throughout the United States and Canada. The company segments its operations into funeral service and cemetery business functions. At its funeral service locations, Service Corp. provides all professional services, facilities, vehicles, and merchandise related to funerals and cremations. Cemetery locations provide cemetery property, memorial markers, and graveyard services to customers. Service Corp. derives the majority of its revenue from its funeral locations, while the cemetery division also generates an amount of the company's total income. Geographically, the company derives majority share of revenue from the United States.

Executives

Tammy R Moore	other: Corporate Controller	1929 ALLEN PARKWAY, HOUSTON TX 77019
Thomas L Ryan	officer: President,Chief Operating Off.	1929 ALLEN PARKWAY, HOUSTON TX 77219
Tony Coelho	director	C/O PINNACLE GLOBAL GROUP, 5599 SAN FELIPE #1212, HOUSTON TX 77056
Elisabeth G. Nash	officer: V.P. Processes & Technology	1929 ALLEN PARKWAY, HOUSTON TX 77019
Waring Sumner J Iii	officer: VP Western Operations	1929 ALLEN PARKWAY, HOUSTON TX 77219
Jakki L. Haussler	director	221 EAST FOURTH STREET, CINCINNATI OH 45202
Steven A Tidwell	officer: V.P. Main Street Operations	1929 ALLEN PARKWAY, HOUSTON TX 77019
Ellen Ochoa	director	1929 ALLEN PARKWAY, HOUSTON TX 77019
Eric D Tanzberger	officer: VP, Corporate Controller	1929 ALLEN PARKWAY, HOUSTON TX 77219
Victor L Lund	director	ONE RAVINIA DRIVE, STE 1500, ATLANTA GA 30346
W Blair Waltrip	director	C/O PINNACLE GLOBAL GROUP, 5599 SAN FELIPE #1212, HOUSTON TX 77056
John H Faulk	officer: Vice Pres Business Development	1929 ALLEN PARKWAY, HOUSTON TX 77019
Lori Spilde	officer: Sr. V.P. and General Counsel	1929 ALLEN PARKWAY, HOUSTON TX 77019
Buckwalter Alan R Iii	director
Gregory T Sangalis	officer: Sr. V.P. and General Counsel	46 HIBURY DRIVE, HOUSTON TX 77024