Kelly Services (Kelly Services) Long-Term Capital Lease Obligation : $42 Mil (As of Mar. 2024)

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What is Kelly Services Long-Term Capital Lease Obligation?

Kelly Services's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $42 Mil.

Kelly Services's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($52 Mil) to Dec. 2023 ($43 Mil) and declined from Dec. 2023 ($43 Mil) to Mar. 2024 ($42 Mil).

Kelly Services's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($61 Mil) to Dec. 2022 ($55 Mil) and declined from Dec. 2022 ($55 Mil) to Dec. 2023 ($43 Mil).

Kelly Services Long-Term Capital Lease Obligation Historical Data

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

Kelly Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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43.30

67.50

61.40

55.00

42.90

Kelly 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															53.40	52.60	51.50	42.90	42.00

Kelly Services (NAS:KELYA) 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.

Kelly Services Long-Term Capital Lease Obligation Related Terms

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Kelly Services (Kelly Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kelly Services Inc (NAS:KELYA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KELYB:USA

Address

999 West Big Beaver Road, Troy, MI, USA, 48084

Website

https://www.kellyservices.com

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement or outcome-based services. OCG segment delivers talent solutions including managed service provider, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. Majority of revenue is derived from Professional & Industrial.

Executives

Tammy L Browning	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Timothy L Dupree	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Daniel H Malan	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Olivier Thirot	officer: Senior Vice President	999 WEST BIG BEAVER ROAD, TROY MI 48084
Donald R Parfet	director	C/O 350 E MICHIGAN AVENUE STE 500, APJOHN GROUP LLC, KALAMAZOO MI 49007
Darren Simons	officer: SVP and Chief Digital Officer	999 W. BIG BEAVER ROAD, TROY MI 48084-4716
Amala Duggirala	director	PO BOX 10247, BIRMINGHAM AL 35202-0247
Inamarie Johnson	director	1019 MARKET STREET, SAN FRANCISCO CA 94103
Terrence B Larkin	director	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Jane E Dutton	director	701 TAPPAN STREET, ANN ARBOR MI 49101-1234
James H Bradley	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Vanessa Peterson Williams	officer: General Counsel	999 WEST BIG BEAVER ROAD, TROY MI 48084-4716
Leslie A Murphy	director	4811 S CHIPPING GLEN, BLOOMFIELD HILLS MI 48302
George S Corona	officer: Executive Vice President	2653 TOWER HILL, ROCHESTER HILLS MI 48306
James Polehna	officer: VP and Corporate Secretary	999 WEST BIG BEAVER ROAD, TROY MI 48084