Vestis (STU:6TS) Long-Term Capital Lease Obligation : €178 Mil (As of Mar. 2025)

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What is Vestis Long-Term Capital Lease Obligation?

Vestis's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was €178 Mil.

Vestis's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (€163 Mil) to Dec. 2024 (€173 Mil) and increased from Dec. 2024 (€173 Mil) to Mar. 2025 (€178 Mil).

Vestis's annual Long-Term Capital Lease Obligation declined from Sep. 2022 (€142 Mil) to Sep. 2023 (€142 Mil) but then increased from Sep. 2023 (€142 Mil) to Sep. 2024 (€163 Mil).

Vestis Long-Term Capital Lease Obligation Historical Data

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

Vestis Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

Long-Term Capital Lease Obligation

117.25

142.21

141.77

163.47

Vestis Quarterly Data
	Sep21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								141.84	157.59	163.47	173.43	178.07

Vestis (STU:6TS) 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.

Vestis Long-Term Capital Lease Obligation Related Terms

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Vestis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vestis Corp (STU:6TS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VSTS:USA 6TS:Germany

Address

1035 Alpharetta Street, Suite 2100, Roswell, GA, USA, 30075

Website

https://www.vestis.com

Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.

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