Primoris Services (FRA:1PM) Long-Term Capital Lease Obligation : €264 Mil (As of Mar. 2024)

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What is Primoris Services Long-Term Capital Lease Obligation?

Primoris Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €264 Mil.

Primoris Services's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€209 Mil) to Dec. 2023 (€242 Mil) and increased from Dec. 2023 (€242 Mil) to Mar. 2024 (€264 Mil).

Primoris Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€87 Mil) to Dec. 2022 (€123 Mil) and increased from Dec. 2022 (€123 Mil) to Dec. 2023 (€242 Mil).

Primoris Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Primoris Services'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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Primoris Services Long-Term Capital Lease Obligation Chart

Primoris Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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154.10

113.36

86.78

123.46

241.59

Primoris Services 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															133.45	158.27	208.51	241.59	264.06

Primoris Services (FRA:1PM) 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.

Primoris Services Long-Term Capital Lease Obligation Related Terms

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Primoris Services (FRA:1PM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Primoris Services Corp (FRA:1PM) » Definitions » Long-Term Capital Lease Obligation

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PRIM:USA 1PM:Germany

Address

2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201

Website

https://www.primoriscorp.com

Primoris Services Corp is a specialty contractor and infrastructure company in the United States. It has three operating segments. The Utility segment specializes in a range of services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The pipeline segment constructs and maintains pipelines for the petroleum and petrochemical industries. The Energy/Renewables segment includes engineering, procurement, construction, retrofits, highway and bridge construction, demolition, and other services. The Energy/Renewables segment earns the majority of the revenue. Primoris earns most of its revenue in the U.S.

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