First Advantage (FRA:0MS) Long-Term Capital Lease Obligation : €5.2 Mil (As of Mar. 2024)

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What is First Advantage Long-Term Capital Lease Obligation?

First Advantage's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €5.2 Mil.

First Advantage's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€3.6 Mil) to Dec. 2023 (€5.4 Mil) but then declined from Dec. 2023 (€5.4 Mil) to Mar. 2024 (€5.2 Mil).

First Advantage's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€7.4 Mil) but then declined from Dec. 2022 (€7.4 Mil) to Dec. 2023 (€5.4 Mil).

First Advantage Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Advantage'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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First Advantage Long-Term Capital Lease Obligation Chart

First Advantage Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.44

5.44

First Advantage Quarterly Data
	Mar09	Jun09	Sep09	Dec19	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															6.23	5.29	3.61	5.44	5.18

First Advantage (FRA:0MS) 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.

First Advantage Long-Term Capital Lease Obligation Related Terms

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First Advantage (FRA:0MS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » First Advantage Corp (FRA:0MS) » Definitions » Long-Term Capital Lease Obligation

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FA:USA

Address

1 Concourse Parkway Northeast, Suite 200, Atlanta, GA, USA, 30328

Website

https://www.fadv.com

First Advantage Corp is a leading global provider of employment background screening and verification solutions. The company delivers innovative services and insights that help its customers manage risk and hire the best talent. The Company has two reportable segments, Americas and International. The Americas segment provides technology solutions for screening, verifications, safety, and compliance in the United States, Canada, and Latin America markets. and the International segment provides technology solutions for screening, verifications, safety, and compliance outside of the Americas.

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