Lennox International (Lennox International) Long-Term Capital Lease Obligation : $225 Mil (As of Mar. 2024)

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What is Lennox International Long-Term Capital Lease Obligation?

Lennox International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $225 Mil.

Lennox International's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($194 Mil) to Dec. 2023 ($197 Mil) and increased from Dec. 2023 ($197 Mil) to Mar. 2024 ($225 Mil).

Lennox International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($174 Mil) to Dec. 2022 ($190 Mil) and increased from Dec. 2022 ($190 Mil) to Dec. 2023 ($197 Mil).

Lennox International Long-Term Capital Lease Obligation Historical Data

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

Lennox International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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156.90

172.10

174.00

190.10

197.30

Lennox International 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															187.10	190.60	194.40	197.30	224.80

Lennox International (NYSE:LII) 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.

Lennox International Long-Term Capital Lease Obligation Related Terms

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Lennox International (Lennox International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lennox International Inc (NYSE:LII) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LXI:Germany LXI:Germany

Address

2140 Lake Park Boulevard, Richardson, TX, USA, 75080

Website

https://www.lennoxinternational.com

Lennox International manufactures and distributes heating, ventilating, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2022, residential HVAC was 68% of sales, commercial HVAC was 19%, and refrigeration accounted for the remaining 13% of sales. The company goes to market with multiple brands, but Lennox is the company's flagship HVAC brand. The Texas-based company will be focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.

Executives

Gary S Bedard	officer: President and COO, WWR	2140 LAKE PARK BLVD, RICHARDSON TX 75080
Joseph Nassab	officer: EVP, President/COO Commercial	2140 LAKE PARK BLVD, RICHARDSON TX 75080
Prakash Bedapudi	officer: EVP, Chief Technology Officer	2140 LAKE PARK BLVD, RICHARDSON TX 75080
Joseph William Reitmeier	officer: EVP & Chief Financial Officer	2140 LAKE PARK BLVD., RICHARDSON TX 75080
Chris Kosel	officer: VP-Corp Controller and CAO	2140 LAKE PARK BLVD., RICHARDSON TX 75080
Daniel M Sessa	officer: EVP, Chief HR Officer	2140 LAKE PARK BLVD., RICHARDSON TX 75080
John D Torres	officer: EVP, Chief Legal Officer	2140 LAKE PARK BLVD., RICHARDSON TX 75080
Todd J Teske	director
Sherry Buck	director	PO BOX 10060, TOLEDO OH 436990060
Elliot S Zimmer	officer: EVP, President/COO Commercial	2140 LAKE PARK BLVD., RICHARDSON TX 75080
Alok Maskara	officer: CEO	2140 LAKE PARK BLVD, RICHARDSON TX 75080
Todd M Bluedorn	director, officer: Chairman and CEO	2140 LAKE PARK BLVD., RICHARDSON TX 75080
Shane D Wall	director	2140 LAKE PARK BLVD., RICHARDSON TX 75080
Karen H Quintos	director	ONE DELL WAY, ROUND ROCK TX 78682
Janet Katherine Cooper	director	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420