Franklin Resources (FRA:FRK) Long-Term Capital Lease Obligation : €905 Mil (As of Mar. 2024)

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What is Franklin Resources Long-Term Capital Lease Obligation?

Franklin Resources's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €905 Mil.

Franklin Resources's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€438 Mil) to Dec. 2023 (€794 Mil) and increased from Dec. 2023 (€794 Mil) to Mar. 2024 (€905 Mil).

Franklin Resources's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€441 Mil) to Sep. 2022 (€534 Mil) but then declined from Sep. 2022 (€534 Mil) to Sep. 2023 (€438 Mil).

Franklin Resources Long-Term Capital Lease Obligation Historical Data

The historical data trend for Franklin Resources'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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Franklin Resources Long-Term Capital Lease Obligation Chart

Franklin Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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527.23

440.64

533.68

438.33

Franklin Resources 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															488.11	456.70	438.33	793.57	904.54

Franklin Resources (FRA:FRK) 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.

Franklin Resources Long-Term Capital Lease Obligation Related Terms

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Franklin Resources (FRA:FRK) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Franklin Resources Inc (FRA:FRK) » Definitions » Long-Term Capital Lease Obligation

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BEN:USA

Address

One Franklin Parkway, San Mateo, CA, USA, 94403

Website

https://www.franklinresources.com

Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.

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