United Rentals (LTS:0LIY) Long-Term Capital Lease Obligation : $966 Mil (As of Mar. 2024)

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What is United Rentals Long-Term Capital Lease Obligation?

United Rentals's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $966 Mil.

United Rentals's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($890 Mil) to Dec. 2023 ($895 Mil) and increased from Dec. 2023 ($895 Mil) to Mar. 2024 ($966 Mil).

United Rentals's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($621 Mil) to Dec. 2022 ($642 Mil) and increased from Dec. 2022 ($642 Mil) to Dec. 2023 ($895 Mil).

United Rentals Long-Term Capital Lease Obligation Historical Data

The historical data trend for United Rentals'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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United Rentals Long-Term Capital Lease Obligation Chart

United Rentals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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533.00

549.00

621.00

642.00

895.00

United Rentals 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															857.00	896.00	890.00	895.00	966.00

United Rentals (LTS:0LIY) 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.

United Rentals Long-Term Capital Lease Obligation Related Terms

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United Rentals (LTS:0LIY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » United Rentals Inc (LTS:0LIY) » Definitions » Long-Term Capital Lease Obligation

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URI:USA UR3:Germany U1RI34:Brazil

Address

100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902

Website

https://www.unitedrentals.com

United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.

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