Stericycle (Stericycle) Long-Term Capital Lease Obligation : $408 Mil (As of Mar. 2024)

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What is Stericycle Long-Term Capital Lease Obligation?

Stericycle's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $408 Mil.

Stericycle's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($361 Mil) to Dec. 2023 ($379 Mil) and increased from Dec. 2023 ($379 Mil) to Mar. 2024 ($408 Mil).

Stericycle's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($280 Mil) to Dec. 2022 ($329 Mil) and increased from Dec. 2022 ($329 Mil) to Dec. 2023 ($379 Mil).

Stericycle Long-Term Capital Lease Obligation Historical Data

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

Stericycle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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356.10

299.00

279.80

329.00

378.90

Stericycle 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															340.20	352.40	360.50	378.90	407.80

Stericycle (NAS:SRCL) 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.

Stericycle Long-Term Capital Lease Obligation Related Terms

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Stericycle (Stericycle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Stericycle Inc (NAS:SRCL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SY9:Germany

Address

2355 Waukegan Road, Bannockburn, IL, USA, 60015

Website

https://www.stericycle.com

Stericycle is the largest provider of medical waste disposal and data destruction (primarily paper shredding) services in the United States. Its next closest national competitor in the medical waste disposal space is Sharps Compliance, which generated $76 million of sales in fiscal 2021 before its 2022 acquisition (about 4% of Stericycle's global regulated waste and compliance revenue). Stericycle's data destruction business (Shred-It) is about twice the size of its closest competitor (Iron Mountain's information destruction segment). Stericycle has a global presence, with about 20% of its revenue earned outside North America.

Executives

Joseph Anthony Reuter	officer: EVP & Chief People Officer	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
Victoria L Dolan	director	C/O COLGATE-PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022
Naren K Gursahaney	director	1501 YAMATO ROAD, BOCA RATON FL 33431
White Stephen Cory	officer: EVP C&RS	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
Daniel Ginnetti	officer: Chief Financial Officer	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
David W. Stahl	officer: EVP and CIO	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
James L Welch	director	5550 SW MACADAM AVENUE, SUITE 200, PORTLAND OR 97239
James J Martell	director	314 RINGLING POINT DRIVE, SARASOTA FL 34234
Janet Zelenka	officer: EVP, Chief Financial Officer	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
Dominic Culotta	officer: EVP Engineering	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
Mark C Miller	officer: CEO	C/O STERICYCLE INC., 28161 N KEITH DRIVE, LAKE FOREST IL 60045
Stephen C Hooley	director	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
Hackney Jesse Joel Jr	director	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015
William J. Seward	officer: EVP, Chief Commercial Officer	28161 N. KEITH DRIVE, LAKE FOREST IL 60045
Richard Michael Moore	officer: EVP North America Operations	2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015