Weir Group (Weir Group) Long-Term Capital Lease Obligation : $115 Mil (As of Dec. 2023)

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What is Weir Group Long-Term Capital Lease Obligation?

Weir Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $115 Mil.

Weir Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($107 Mil) to Jun. 2023 ($117 Mil) but then declined from Jun. 2023 ($117 Mil) to Dec. 2023 ($115 Mil).

Weir Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($108 Mil) to Dec. 2022 ($107 Mil) but then increased from Dec. 2022 ($107 Mil) to Dec. 2023 ($115 Mil).

Weir Group Long-Term Capital Lease Obligation Historical Data

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

Weir Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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187.03

116.26

107.85

106.94

115.32

Weir Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															107.85	-	106.94	116.67	115.32

Weir Group (OTCPK:WEGRY) 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.

Weir Group Long-Term Capital Lease Obligation Related Terms

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Weir Group (Weir Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weir Group PLC (OTCPK:WEGRY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

WEIGF:USA WEIRl:UK WEIR:UK

Address

1 West Regent Street, Glasgow, GBR, G2 1RW

Website

https://www.global.weir

Weir Group PLC manufactures equipment for minerals and other industrial end markets. The company's operating segment includes Minerals and ESCO. The Minerals segment is into engineering, manufacturing and service processing technology used in abrasive, high-wear mining applications. It is also used in infrastructure and general industrial markets. The ESCO segment is into the provision of Ground Engaging Tools (G.E.T.) for large mining machines. It operates predominantly in mining and infrastructure markets where its technology improves productivity through extended wear life, increased safety and reduced energy consumption. The company generates maximum revenue from the Minerals segment. Geographically, the company derives a majority of its revenue from South America.

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