Fortune Brands Innovations (BSP:F1BH34) Long-Term Capital Lease Obligation : R$700 Mil (As of Mar. 2024)

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What is Fortune Brands Innovations Long-Term Capital Lease Obligation?

Fortune Brands Innovations's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$700 Mil.

Fortune Brands Innovations's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (R$455 Mil) to Dec. 2023 (R$702 Mil) but then declined from Dec. 2023 (R$702 Mil) to Mar. 2024 (R$700 Mil).

Fortune Brands Innovations's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R$615 Mil) to Dec. 2022 (R$500 Mil) but then increased from Dec. 2022 (R$500 Mil) to Dec. 2023 (R$702 Mil).

Fortune Brands Innovations Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fortune Brands Innovations'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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Fortune Brands Innovations Long-Term Capital Lease Obligation Chart

Fortune Brands Innovations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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573.81

722.83

615.25

500.41

702.14

Fortune Brands Innovations 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															468.77	431.98	454.85	702.14	699.66

Fortune Brands Innovations (BSP:F1BH34) 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.

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Fortune Brands Innovations (BSP:F1BH34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fortune Brands Innovations Inc (BSP:F1BH34) » Definitions » Long-Term Capital Lease Obligation

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FBIN:USA 2FB:Germany

Address

520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611

Website

https://www.fbin.com

Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.

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