Metalurgica Gerdau (BSP:GOAU3) Long-Term Capital Lease Obligation : R$913 Mil (As of Mar. 2024)

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What is Metalurgica Gerdau Long-Term Capital Lease Obligation?

Metalurgica Gerdau's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$913 Mil.

Metalurgica Gerdau's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (R$897 Mil) to Dec. 2023 (R$904 Mil) and increased from Dec. 2023 (R$904 Mil) to Mar. 2024 (R$913 Mil).

Metalurgica Gerdau's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$643 Mil) to Dec. 2022 (R$755 Mil) and increased from Dec. 2022 (R$755 Mil) to Dec. 2023 (R$904 Mil).

Metalurgica Gerdau Long-Term Capital Lease Obligation Historical Data

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

Metalurgica Gerdau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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601.73

624.77

643.28

754.71

904.45

Metalurgica Gerdau Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															754.71	805.06	897.46	904.45	912.71

Metalurgica Gerdau (BSP:GOAU3) 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.

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Metalurgica Gerdau (BSP:GOAU3) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Metalurgica Gerdau SA (BSP:GOAU3) » Definitions » Long-Term Capital Lease Obligation

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GOAU4:Brazil

Address

Avenida Farrapos, 1811, Porto Alegre, RS, BRA, 90220005

Website

https://www2.gerdau.com.br

Metalurgica Gerdau SA produces steel and steel products used in construction, industrial, agricultural and automotive sectors. Its products include steel columns, nails, transfer bars for the construction sector; billet, electrodes, mechanical construction wire rods for the industrial sector; staples, steel posts, tribars, galvanized wires for agricultural sector; mechanical construction ingots, mechanical construction wires, and various other products for the automotive sector. Its revenue is generated by sales of long steel to nonresidential construction and infrastructure sector in North America.

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