Radiant Logistics (FRA:3GT) Long-Term Capital Lease Obligation : €44.5 Mil (As of Mar. 2024)

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What is Radiant Logistics Long-Term Capital Lease Obligation?

Radiant Logistics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €44.5 Mil.

Radiant Logistics's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€46.4 Mil) to Dec. 2023 (€42.9 Mil) but then increased from Dec. 2023 (€42.9 Mil) to Mar. 2024 (€44.5 Mil).

Radiant Logistics's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (€30.5 Mil) to Jun. 2022 (€36.9 Mil) and increased from Jun. 2022 (€36.9 Mil) to Jun. 2023 (€49.1 Mil).

Radiant Logistics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Radiant Logistics'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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Radiant Logistics Long-Term Capital Lease Obligation Chart

Radiant Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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2.80

8.59

30.47

36.89

49.14

Radiant Logistics 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															50.83	49.14	46.39	42.94	44.47

Radiant Logistics (FRA:3GT) 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.

Radiant Logistics Long-Term Capital Lease Obligation Related Terms

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Radiant Logistics (FRA:3GT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Radiant Logistics Inc (FRA:3GT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RLGT:USA

Address

Triton Tower Two, 700 S Renton Village Place, Seventh Floor, Renton, WA, USA, 98057

Website

https://www.radiantdelivers.com

Radiant Logistics Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services to customers based in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less-than-truckload (LTL) services, and intermodal services. The company has two geographic operating segments: the United States and Canada. Maximum revenue is generated in the United States.

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