Brookfield Business (Brookfield Business) Long-Term Capital Lease Obligation : $253 Mil (As of Mar. 2024)

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What is Brookfield Business Long-Term Capital Lease Obligation?

Brookfield Business's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $253 Mil.

Brookfield Business's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($412 Mil) to Dec. 2023 ($269 Mil) and declined from Dec. 2023 ($269 Mil) to Mar. 2024 ($253 Mil).

Brookfield Business's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($401 Mil) to Dec. 2022 ($423 Mil) but then declined from Dec. 2022 ($423 Mil) to Dec. 2023 ($269 Mil).

Brookfield Business Long-Term Capital Lease Obligation Historical Data

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

Brookfield Business Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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448.00

440.00

401.00

423.00

269.00

Brookfield Business Quarterly Data
	Dec18	Dec19	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												401.00	422.00	412.00	269.00	253.00

Brookfield Business (NYSE:BBUC) 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.

Brookfield Business Long-Term Capital Lease Obligation Related Terms

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Brookfield Business (Brookfield Business) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brookfield Business Corp (NYSE:BBUC) » Definitions » Long-Term Capital Lease Obligation

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BBUC:Canada

Address

1055 West Georgia Street, Suite 1500, P.O. Box 11117, Vancouver, BC, CAN, V6E 4N7

Website

https://www.bbu.brookfield.com

Brookfield Business Corp is a company established as a vehicle that owns and operates certain services and industrial operations on a global basis and an alternative vehicle for investors who prefer investing in its operations through a corporate structure. Its goal is to generate returns through long-term capital appreciation with a modest distribution yield.