Iron Mountain (FRA:I5M) Long-Term Capital Lease Obligation : €2,324 Mil (As of Mar. 2024)

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What is Iron Mountain Long-Term Capital Lease Obligation?

Iron Mountain's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €2,324 Mil.

Iron Mountain's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€2,323 Mil) to Dec. 2023 (€2,350 Mil) but then declined from Dec. 2023 (€2,350 Mil) to Mar. 2024 (€2,324 Mil).

Iron Mountain's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1,922 Mil) to Dec. 2022 (€2,293 Mil) and increased from Dec. 2022 (€2,293 Mil) to Dec. 2023 (€2,350 Mil).

Iron Mountain Long-Term Capital Lease Obligation Historical Data

The historical data trend for Iron Mountain'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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Iron Mountain Long-Term Capital Lease Obligation Chart

Iron Mountain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,555.82

1,680.66

1,921.75

2,293.13

2,349.72

Iron Mountain 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															2,347.91	2,320.40	2,323.03	2,349.72	2,323.51

Iron Mountain (FRA:I5M) 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.

Iron Mountain Long-Term Capital Lease Obligation Related Terms

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Iron Mountain (FRA:I5M) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (FRA:I5M) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

IRM:USA I5M:Germany I1RM34:Brazil

Address

85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801

Website

https://www.ironmountain.com

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

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