ManpowerGroup (FRA:MPW) Long-Term Capital Lease Obligation : €290 Mil (As of Mar. 2024)

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What is ManpowerGroup Long-Term Capital Lease Obligation?

ManpowerGroup's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €290 Mil.

ManpowerGroup's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€287 Mil) to Dec. 2023 (€296 Mil) but then declined from Dec. 2023 (€296 Mil) to Mar. 2024 (€290 Mil).

ManpowerGroup's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€244 Mil) to Dec. 2022 (€252 Mil) and increased from Dec. 2022 (€252 Mil) to Dec. 2023 (€296 Mil).

ManpowerGroup Long-Term Capital Lease Obligation Historical Data

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

ManpowerGroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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303.03

250.79

244.08

251.67

296.37

ManpowerGroup 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															263.95	284.93	286.91	296.37	290.26

ManpowerGroup (FRA:MPW) 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.

ManpowerGroup Long-Term Capital Lease Obligation Related Terms

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ManpowerGroup (FRA:MPW) Business Description

Industry

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Traded in Other Exchanges

MAN:USA

Address

100 Manpower Place, Milwaukee, WI, USA, 53212

Website

https://www.manpowergroup.com

Manpower is one of the three largest multinational firms in the fragmented and over $600 billion global staffing industry. The firm generates most of its sales outside the U.S. and boasts a vast global footprint. Its client base consists of mainly large and multinational companies, but the firm also services small and midsize businesses through its local branch network. It offers each main staffing service (temporary, permanent, and project based) across a variety of professions under its four subsidiary brands: Experis specializes in IT placements; Talent Solutions provides recruitment process outsourcing, or RPO, and outplacement services; Jefferson Wells serves finance, tax, and compliance needs; Manpower focuses on manufacturing, administrative, and assembly positions.