Lamar Advertising Co (FRA:6LA) Long-Term Capital Lease Obligation : €994 Mil (As of Mar. 2024)

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What is Lamar Advertising Co Long-Term Capital Lease Obligation?

Lamar Advertising Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €994 Mil.

Lamar Advertising Co's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1,025 Mil) to Dec. 2023 (€999 Mil) and declined from Dec. 2023 (€999 Mil) to Mar. 2024 (€994 Mil).

Lamar Advertising Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€896 Mil) to Dec. 2022 (€993 Mil) and increased from Dec. 2022 (€993 Mil) to Dec. 2023 (€999 Mil).

Lamar Advertising Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lamar Advertising Co'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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Lamar Advertising Co Long-Term Capital Lease Obligation Chart

Lamar Advertising Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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961.36

832.18

896.18

992.71

999.44

Lamar Advertising Co 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															977.50	973.40	1,024.60	999.44	993.91

Lamar Advertising Co (FRA:6LA) 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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Lamar Advertising Co (FRA:6LA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lamar Advertising Co (FRA:6LA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LAMR:USA

Address

5321 Corporate Boulevard, Baton Rouge, LA, USA, 70808

Website

https://www.lamar.com

Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.

Lamar Advertising Co (FRA:6LA) Headlines

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