Rumo (BSP:RAIL3) Long-Term Capital Lease Obligation : R$6,258 Mil (As of Mar. 2024)

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What is Rumo Long-Term Capital Lease Obligation?

Rumo's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$6,258 Mil.

Rumo's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (R$6,127 Mil) to Dec. 2023 (R$6,212 Mil) and increased from Dec. 2023 (R$6,212 Mil) to Mar. 2024 (R$6,258 Mil).

Rumo's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$5,618 Mil) to Dec. 2022 (R$5,865 Mil) and increased from Dec. 2022 (R$5,865 Mil) to Dec. 2023 (R$6,212 Mil).

Rumo Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rumo'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.

Rumo Long-Term Capital Lease Obligation Chart

Rumo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7,439.93

5,226.25

5,617.52

5,865.26

6,211.82

Rumo 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															5,868.65	6,011.25	6,126.71	6,211.82	6,258.35

Rumo (BSP:RAIL3) 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.

Rumo Long-Term Capital Lease Obligation Related Terms

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Rumo (BSP:RAIL3) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rumo SA (BSP:RAIL3) » Definitions » Long-Term Capital Lease Obligation

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RUMOF:USA

Address

Rua Emilio Bertolini, 100, Oficinas, Curitiba, PR, BRA, 82920-030

Website

https://www.rumolog.com

Rumo SA is a logistics provider operating in Brazil. The company provides services to export commodities, providing an integrated transport solution, handling, storage and shipment from the production centres to the main southern and southeast ports. Its operating segment includes North Operations; South Operations, and Container Operations. The company generates maximum revenue from the North Operations segment. The company's revenue consists of rail freight services, road freight, transport containers, storage and transhipment, and port lifting.

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