RumbleON (STU:4Q01) Long-Term Capital Lease Obligation : €120 Mil (As of Sep. 2024)

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What is RumbleON Long-Term Capital Lease Obligation?

RumbleON's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €120 Mil.

RumbleON's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (€125 Mil) to Jun. 2024 (€125 Mil) and declined from Jun. 2024 (€125 Mil) to Sep. 2024 (€120 Mil).

RumbleON's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€101 Mil) to Dec. 2022 (€120 Mil) and increased from Dec. 2022 (€120 Mil) to Dec. 2023 (€123 Mil).

RumbleON Long-Term Capital Lease Obligation Historical Data

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

RumbleON Annual Data

Trend

Nov14

Nov15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.25

3.59

101.50

119.61

122.97

RumbleON 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															127.18	122.97	125.49	124.58	120.01

RumbleON (STU:4Q01) 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.

RumbleON Long-Term Capital Lease Obligation Related Terms

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RumbleON Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » RumbleON Inc (STU:4Q01) » Definitions » Long-Term Capital Lease Obligation

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RMBL:USA

Address

901 W Walnut Hill Lane, Suite 110A, Irving, TX, USA, 75038

Website

https://www.rumbleon.com

RumbleON Inc is a USA-based online retailer that allows both consumers and dealers to Buy-Sell-Trade-Finance pre-owned motorcycles in an efficient, fast, transparent, and engaging experience. Its segments include power sports, automotive, and vehicle logistics. Powersports and automotive segments consist of the distribution of pre-owned vehicles. The Powersports segment that derives the majority of revenue consists of the distribution principally of motorcycles and other powersports vehicles, while the automotive segment distributes cars and trucks. The vehicle Logistics and transportation service segment offers nationwide automotive transportation services between dealerships and auctions.

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