Herc Holdings (FRA:H9B1) Long-Term Capital Lease Obligation : €743 Mil (As of Mar. 2024)

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What is Herc Holdings Long-Term Capital Lease Obligation?

Herc Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €743 Mil.

Herc Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€706 Mil) to Dec. 2023 (€688 Mil) but then increased from Dec. 2023 (€688 Mil) to Mar. 2024 (€743 Mil).

Herc Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€478 Mil) to Dec. 2022 (€600 Mil) and increased from Dec. 2022 (€600 Mil) to Dec. 2023 (€688 Mil).

Herc Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Herc Holdings'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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Herc Holdings Long-Term Capital Lease Obligation Chart

Herc Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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300.78

310.06

477.72

600.38

687.75

Herc Holdings 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															635.12	668.25	705.56	687.75	743.36

Herc Holdings (FRA:H9B1) 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.

Herc Holdings Long-Term Capital Lease Obligation Related Terms

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Herc Holdings (FRA:H9B1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Herc Holdings Inc (FRA:H9B1) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HRI:USA

Address

27500 Riverview Center Boulevard, Bonita Springs, FL, USA, 34134

Website

https://www.hercrentals.com

Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third-largest equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.2 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings' strategy now incorporates long-term rentals to industrial customers where Herc maintains its own staff at the customer site.

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