Genuine Parts Co (BSP:G1PC34) Long-Term Capital Lease Obligation : R$5,331 Mil (As of Mar. 2024)

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What is Genuine Parts Co Long-Term Capital Lease Obligation?

Genuine Parts Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$5,331 Mil.

Genuine Parts Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (R$4,541 Mil) to Dec. 2023 (R$4,802 Mil) and increased from Dec. 2023 (R$4,802 Mil) to Mar. 2024 (R$5,331 Mil).

Genuine Parts Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R$4,463 Mil) to Dec. 2022 (R$4,385 Mil) but then increased from Dec. 2022 (R$4,385 Mil) to Dec. 2023 (R$4,802 Mil).

Genuine Parts Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Genuine Parts Co'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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Genuine Parts Co Long-Term Capital Lease Obligation Chart

Genuine Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3,105.13

4,060.68

4,462.71

4,385.25

4,801.50

Genuine Parts Co 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															4,396.97	4,186.55	4,540.99	4,801.50	5,330.69

Genuine Parts Co (BSP:G1PC34) 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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Genuine Parts Co (BSP:G1PC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Genuine Parts Co (BSP:G1PC34) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GPC:USA GPT:Germany

Address

2999 Wildwood Parkway, Atlanta, GA, USA, 30339

Website

https://www.genpt.com

Genuine Parts sells automotive parts (nearly two thirds of net sales) and industrial components. The company sells car and truck parts to commercial and retail customers through roughly 9,800 stores worldwide, most of which are independently owned. Its industrial unit, primarily operating under the Motion Industries banner in the United States, supplies bearings, power transmission, industrial automation, hydraulic, and pneumatic components to maintenance, repair, and original equipment manufacturer clients.

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