Boyd Group Services (FRA:3YT) Long-Term Capital Lease Obligation : €567 Mil (As of Mar. 2024)

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What is Boyd Group Services Long-Term Capital Lease Obligation?

Boyd Group Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €567 Mil.

Boyd Group Services's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€551 Mil) to Dec. 2023 (€557 Mil) and increased from Dec. 2023 (€557 Mil) to Mar. 2024 (€567 Mil).

Boyd Group Services's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€399 Mil) to Dec. 2022 (€490 Mil) and increased from Dec. 2022 (€490 Mil) to Dec. 2023 (€557 Mil).

Boyd Group Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Boyd Group 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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Boyd Group Services Long-Term Capital Lease Obligation Chart

Boyd Group Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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279.82

280.61

398.62

489.99

557.12

Boyd Group 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															533.50	541.62	550.83	557.12	566.57

Boyd Group Services (FRA:3YT) 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.

Boyd Group Services Long-Term Capital Lease Obligation Related Terms

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Boyd Group Services (FRA:3YT) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Boyd Group Services Inc (FRA:3YT) » Definitions » Long-Term Capital Lease Obligation

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BYDGF:USA BYD:Canada

Address

1745 Ellice Avenue, Unit C1, Winnipeg, MB, CAN, R3H 1A6

Website

https://www.boydgroup.com

Boyd Group Services Inc is engaged in operating non-franchised collision repair centers in North America. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a retail auto glass operator in the United States, under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com. In addition, the Company operates a third-party administrator, Gerber National Claims Services (GNCS), that offers glass, emergency roadside, and first notice of loss services.

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