Sterling Infrastructure (STU:UAO) Long-Term Capital Lease Obligation : €32 Mil (As of Sep. 2024)

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What is Sterling Infrastructure Long-Term Capital Lease Obligation?

Sterling Infrastructure's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €32 Mil.

Sterling Infrastructure's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (€33 Mil) to Jun. 2024 (€36 Mil) but then declined from Jun. 2024 (€36 Mil) to Sep. 2024 (€32 Mil).

Sterling Infrastructure's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€12 Mil) to Dec. 2022 (€38 Mil) but then declined from Dec. 2022 (€38 Mil) to Dec. 2023 (€35 Mil).

Sterling Infrastructure Long-Term Capital Lease Obligation Historical Data

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

Sterling Infrastructure Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.28

7.36

11.57

37.86

34.59

Sterling Infrastructure 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															37.67	34.59	33.29	36.40	31.94

Sterling Infrastructure (STU:UAO) 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.

Sterling Infrastructure Long-Term Capital Lease Obligation Related Terms

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Sterling Infrastructure Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sterling Infrastructure Inc (STU:UAO) » Definitions » Long-Term Capital Lease Obligation

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STRL:USA UAO:Germany

Address

1800 Hughes Landing Boulevard, Suite 250, The Woodlands, TX, USA, 77380

Website

https://www.strlco.com

Sterling Infrastructure Inc is a construction company that specializes in heavy civil infrastructure construction and infrastructure rehabilitation as well as residential construction projects. The company operates in three reportable segments namely, Transportation Solutions, E-Infrastructure Solutions, and Building Solution. Transportation Solutions include highways, roads, bridges, airfields, ports, light rail, and others. Building Solution projects include concrete foundations for single-family homes. E-Infrastructure Solutions include the services which are provided to large, blue-chip companies in the e-commerce, data center, distribution center, and warehousing, energy, mixed-use, and multi-family sectors. The majority of the revenue is generated from E-Infrastructure Solutions. .

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