Localiza Rent A Car (Localiza Rent A Car) Long-Term Capital Lease Obligation : $198 Mil (As of Mar. 2024)

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What is Localiza Rent A Car Long-Term Capital Lease Obligation?

Localiza Rent A Car's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $198 Mil.

Localiza Rent A Car's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($178 Mil) to Dec. 2023 ($197 Mil) and increased from Dec. 2023 ($197 Mil) to Mar. 2024 ($198 Mil).

Localiza Rent A Car's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($112 Mil) to Dec. 2022 ($139 Mil) and increased from Dec. 2022 ($139 Mil) to Dec. 2023 ($197 Mil).

Localiza Rent A Car Long-Term Capital Lease Obligation Historical Data

The historical data trend for Localiza Rent A Car'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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Localiza Rent A Car Long-Term Capital Lease Obligation Chart

Localiza Rent A Car Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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128.34

103.51

112.32

138.65

197.25

Localiza Rent A Car 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															147.35	174.63	178.34	197.25	197.70

Localiza Rent A Car (OTCPK:LZRFY) 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.

Localiza Rent A Car Long-Term Capital Lease Obligation Related Terms

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Localiza Rent A Car (Localiza Rent A Car) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (OTCPK:LZRFY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RENT3:Brazil

Address

Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900

Website

https://www.localiza.com

Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

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