Cintas (STU:CIT) Long-Term Capital Lease Obligation : €159 Mil (As of Feb. 2025)

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What is Cintas Long-Term Capital Lease Obligation?

Cintas's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2025 was €159 Mil.

Cintas's quarterly Long-Term Capital Lease Obligation declined from Aug. 2024 (€135 Mil) to Nov. 2024 (€134 Mil) but then increased from Nov. 2024 (€134 Mil) to Feb. 2025 (€159 Mil).

Cintas's annual Long-Term Capital Lease Obligation increased from May. 2022 (€122 Mil) to May. 2023 (€127 Mil) and increased from May. 2023 (€127 Mil) to May. 2024 (€136 Mil).

Cintas Long-Term Capital Lease Obligation Historical Data

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

Cintas Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Long-Term Capital Lease Obligation

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112.51

107.63

122.10

127.22

135.81

Cintas Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															135.40	135.81	135.46	133.74	159.04

Cintas (STU:CIT) 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.

Cintas Long-Term Capital Lease Obligation Related Terms

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Cintas Business Description

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

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Traded in Other Exchanges

CTAS:USA CTAS:Mexico 0HYJ:UK CIT:Germany C1TA34:Brazil CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.