Kirby (STU:KIY) Long-Term Capital Lease Obligation : €126 Mil (As of Mar. 2024)

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What is Kirby Long-Term Capital Lease Obligation?

Kirby's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €126 Mil.

Kirby's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€133 Mil) to Dec. 2023 (€127 Mil) and declined from Dec. 2023 (€127 Mil) to Mar. 2024 (€126 Mil).

Kirby's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€141 Mil) to Dec. 2022 (€134 Mil) and declined from Dec. 2022 (€134 Mil) to Dec. 2023 (€127 Mil).

Kirby Long-Term Capital Lease Obligation Historical Data

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

Kirby Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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125.51

134.39

141.31

134.18

127.29

Kirby Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															136.78	131.50	133.28	127.29	126.02

Kirby (STU:KIY) 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.

Kirby Long-Term Capital Lease Obligation Related Terms

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Kirby (STU:KIY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kirby Corp (STU:KIY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

KEX:USA KIY:Germany

Address

55 Waugh Drive, Suite 1000, Houston, TX, USA, 77007

Website

https://www.kirbycorp.com

Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.

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