Mills Locacao Servicos e Logistica (BSP:MILS3) Long-Term Capital Lease Obligation : R$58 Mil (As of Dec. 2023)

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What is Mills Locacao Servicos e Logistica Long-Term Capital Lease Obligation?

Mills Locacao Servicos e Logistica's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$58 Mil.

Mills Locacao Servicos e Logistica's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (R$62 Mil) to Sep. 2023 (R$64 Mil) but then declined from Sep. 2023 (R$64 Mil) to Dec. 2023 (R$58 Mil).

Mills Locacao Servicos e Logistica's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$37 Mil) to Dec. 2022 (R$59 Mil) but then declined from Dec. 2022 (R$59 Mil) to Dec. 2023 (R$58 Mil).

Mills Locacao Servicos e Logistica Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mills Locacao Servicos e Logistica'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.

* Premium members only.

Mills Locacao Servicos e Logistica Long-Term Capital Lease Obligation Chart

Mills Locacao Servicos e Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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43.48

41.26

37.30

59.29

57.93

Mills Locacao Servicos e Logistica 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															64.33	61.54	63.92	57.93	-

Mills Locacao Servicos e Logistica (BSP:MILS3) 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.

Mills Locacao Servicos e Logistica Long-Term Capital Lease Obligation Related Terms

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Mills Locacao Servicos e Logistica (BSP:MILS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Locacao Servicos e Logistica SA (BSP:MILS3) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Estrada do Guerengue, 1381, Taquara, Rio de Janeiro, RJ, BRA, 22713-002

Website

https://ri.mills.com.br

Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Construction business unit and Rental business unit segments, and the majority of the revenue derives from the Rental business segment.

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