Echo Global Logistics (Echo Global Logistics) Long-Term Capital Lease Obligation : $25 Mil (As of Sep. 2021)

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What is Echo Global Logistics Long-Term Capital Lease Obligation?

Echo Global Logistics's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was $25 Mil.

Echo Global Logistics's quarterly Long-Term Capital Lease Obligation declined from Mar. 2021 ($27 Mil) to Jun. 2021 ($26 Mil) and declined from Jun. 2021 ($26 Mil) to Sep. 2021 ($25 Mil).

Echo Global Logistics's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0 Mil) to Dec. 2019 ($31 Mil) but then declined from Dec. 2019 ($31 Mil) to Dec. 2020 ($28 Mil).

Echo Global Logistics Long-Term Capital Lease Obligation Historical Data

The historical data trend for Echo Global Logistics'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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Echo Global Logistics Long-Term Capital Lease Obligation Chart

Echo Global Logistics Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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31.48

27.65

Echo Global Logistics Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															28.66	27.65	26.54	26.10	25.46

Echo Global Logistics (NAS:ECHO) 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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Echo Global Logistics (Echo Global Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Echo Global Logistics Inc (NAS:ECHO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 West Chicago Avenue, Suite 725, Chicago, IL, USA, 60654

Website

https://www.echo.com

Founded in 2005, Echo Global Logistics is an asset-light third-party logistics provider primarily focused on domestic truckload and less-than-truckload brokerage. It also offers intermodal and international air and ocean freight forwarding services, though to a lesser degree. Key strategic initiatives include gaining organic market share in the highly fragmented brokerage industry and supplementing its sales capabilities through tuck-in acquisitions. Echo completed its initial public offering in October 2009.

Executives

Douglas R Waggoner	director, officer: Chief Executive Officer
Matthew Wagner Ferguson	director	C/O ECHO GLOBAL LOGISTICS, INC. 600 W CHICAGO AVE, SUITE 725 CHICAGO IL 60654
Samuel K Skinner	director	233 NORTH MICHIGAN AVENUE, 22ND FLOOR, CHICAGO IL 60601
David B Menzel	officer: Chief Financial Officer	C/O ECHO GLOBAL LOGISTICS, INC. 600 WEST CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Douglas Hong	officer: Controller	600 WEST CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Peter Rogers	officer: Controller	C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Kyle Sauers	officer: Chief Financial Officer	C/O ECHO GLOBAL LOGISTICS, 600 W. CHICAGO AVENUE, SUITE 725, CHICAGO IL 60654
Virginia Henkels	director	SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Farrow William M Iii	director	C/O CBOE GLOBAL MARKETS, INC., 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Paul Loeb	director	600 W. CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Bradley A Keywell	director
Eric P Lefkofsky	director, 10 percent owner	501 SILVERSIDE ROAD SUITE 87F, WILMONGTON DE 19809
Evan Schumacher	officer: Chief Commercial Officer	C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Nelda J Connors	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
John R Walter	director	401 NORTH AHWAHNEE RD, LAKE FOREST IL 60045