Securitas AB (Securitas AB) Long-Term Capital Lease Obligation : $325 Mil (As of Dec. 2023)

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What is Securitas AB Long-Term Capital Lease Obligation?

Securitas AB's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $325 Mil.

Securitas AB's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($333 Mil) to Sep. 2023 ($303 Mil) but then increased from Sep. 2023 ($303 Mil) to Dec. 2023 ($325 Mil).

Securitas AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($283 Mil) to Dec. 2022 ($343 Mil) but then declined from Dec. 2022 ($343 Mil) to Dec. 2023 ($325 Mil).

Securitas AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Securitas AB'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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Securitas AB Long-Term Capital Lease Obligation Chart

Securitas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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276.71

305.39

283.07

342.84

325.22

Securitas AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															342.84	333.80	332.53	303.30	325.22

Securitas AB (OTCPK:SCTBF) 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.

Securitas AB Long-Term Capital Lease Obligation Related Terms

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Securitas AB (Securitas AB) Business Description

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Traded in Other Exchanges

SCTBY:USA SECU B:Sweden SECUBs:UK 0IAH:UK S7MB:Germany

Address

Lindhagensplan 70, PO Box 12307, Stockholm, SWE, SE-102 28

Website

https://www.securitas.com

Securitas is an international security services, consulting, and investigation group based in Stockholm, Sweden. Its primary activities are centered on manned security, mobile security, monitoring, and risk assessment. Securitas operates in more than 50 countries and is the second-largest security firm in the world and the largest in manned guarding.