Leggett & Platt (BSP:L1EG34) Long-Term Capital Lease Obligation : R$789 Mil (As of Mar. 2024)

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What is Leggett & Platt Long-Term Capital Lease Obligation?

Leggett & Platt's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$789 Mil.

Leggett & Platt's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (R$773 Mil) to Dec. 2023 (R$737 Mil) but then increased from Dec. 2023 (R$737 Mil) to Mar. 2024 (R$789 Mil).

Leggett & Platt's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (R$865 Mil) to Dec. 2022 (R$806 Mil) and declined from Dec. 2022 (R$806 Mil) to Dec. 2023 (R$737 Mil).

Leggett & Platt Long-Term Capital Lease Obligation Historical Data

The historical data trend for Leggett & Platt'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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Leggett & Platt Long-Term Capital Lease Obligation Chart

Leggett & Platt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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499.11

628.17

865.20

805.69

737.42

Leggett & Platt 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															916.19	811.54	772.91	737.42	789.30

Leggett & Platt (BSP:L1EG34) 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.

Leggett & Platt Long-Term Capital Lease Obligation Related Terms

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Leggett & Platt (BSP:L1EG34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Leggett & Platt Inc (BSP:L1EG34) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

LEG:USA LP1:Germany

Address

No. 1 Leggett Road, Carthage, MO, USA, 64836

Website

https://www.leggett.com

Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture and work furniture, flooring underlayment, adjustable beds, and various other products.

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