Cummins (WBO:CMI) Long-Term Capital Lease Obligation : €383 Mil (As of Mar. 2025)

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What is Cummins Long-Term Capital Lease Obligation?

Cummins's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was €383 Mil.

Cummins's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (€354 Mil) to Dec. 2024 (€391 Mil) but then declined from Dec. 2024 (€391 Mil) to Mar. 2025 (€383 Mil).

Cummins's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (€347 Mil) to Dec. 2023 (€343 Mil) but then increased from Dec. 2023 (€343 Mil) to Dec. 2024 (€391 Mil).

Cummins Long-Term Capital Lease Obligation Historical Data

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

Cummins Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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267.15

288.51

347.39

342.96

390.60

Cummins Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															305.44	309.36	354.09	390.60	382.95

Cummins (WBO:CMI) 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.

Cummins Long-Term Capital Lease Obligation Related Terms

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Cummins Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cummins Inc (WBO:CMI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CMI:USA 0I58:UK CUM:Germany CUM:Germany C1MI34:Brazil

Address

500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005

Website

https://www.cummins.com

Cummins is a leading manufacturer of diesel and other engines used in heavy- and medium-duty commercial trucks, off-highway equipment, and locomotives, in addition to prime power and standby generators. The company also sells powertrain components, which include filtration products, transmissions, turbochargers, aftertreatment systems, and fuel systems. Sales are approximately 60% US and Canada and 40% rest of world. Much of Cummins' foreign sales (China, India, and so forth) are through joint ventures. The company operates 650 distributors and over 19,000 dealer locations across 190 countries. Cummins' business model is unique as it competes with many of its heavy-duty truck manufacturer customers, who also make their own engines.