Centuri Holdings (Centuri Holdings) Long-Term Capital Lease Obligation : $125.8 Mil (As of Mar. 2024)

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What is Centuri Holdings Long-Term Capital Lease Obligation?

Centuri Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $125.8 Mil.

Centuri Holdings's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0.0 Mil) to Dec. 2023 ($105.2 Mil) and increased from Dec. 2023 ($105.2 Mil) to Mar. 2024 ($125.8 Mil).

Centuri Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($93.5 Mil) to Dec. 2022 ($111.4 Mil) but then declined from Dec. 2022 ($111.4 Mil) to Dec. 2023 ($105.2 Mil).

Centuri Holdings Long-Term Capital Lease Obligation Historical Data

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

Centuri Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

93.52

111.36

105.22

Centuri Holdings Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			93.52	111.36	-	105.22	125.78

Centuri Holdings (NYSE:CTRI) 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.

Centuri Holdings Long-Term Capital Lease Obligation Related Terms

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Centuri Holdings (Centuri Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Centuri Holdings Inc (NYSE:CTRI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

19820 North 7th Avenue, Suite 120, Phoenix, AZ, USA, 85027

Website

https://www.centuri.com

Centuri Holdings Inc is a pure-play North American utility infrastructure services company that partners with regulated utilities to maintain, upgrade and expand the energy network that powers millions of homes and businesses. Its service offerings primarily consist of the modernization of utility infrastructure through the maintenance, retrofitting and installation of electric and natural gas distribution networks to meet current and future demands while also preparing systems for the transition to clean energy sources. They operate under two primary lines of business which includes Gas Utility Services and Electric Utility Services it is also their two reportable segments as well.

Centuri Holdings (Centuri Holdings) Headlines

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