FirstCash Holdings (STU:FF60) Long-Term Capital Lease Obligation : €192 Mil (As of Mar. 2024)

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What is FirstCash Holdings Long-Term Capital Lease Obligation?

FirstCash Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €192 Mil.

FirstCash Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€190 Mil) to Dec. 2023 (€198 Mil) but then declined from Dec. 2023 (€198 Mil) to Mar. 2024 (€192 Mil).

FirstCash Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€180 Mil) to Dec. 2022 (€192 Mil) and increased from Dec. 2022 (€192 Mil) to Dec. 2023 (€198 Mil).

FirstCash Holdings Long-Term Capital Lease Obligation Historical Data

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

FirstCash Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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174.15

160.20

179.80

191.74

197.60

FirstCash Holdings 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															188.55	181.96	189.76	197.60	192.47

FirstCash Holdings (STU:FF60) 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.

FirstCash Holdings Long-Term Capital Lease Obligation Related Terms

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FirstCash Holdings (STU:FF60) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FirstCash Holdings Inc (STU:FF60) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FCFS:USA

Address

1600 West 7th Street, Fort Worth, TX, USA, 76102

Website

https://www.firstcash.com

FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores. Revenue is split almost equally between loans made in the United States, where the company has more than 300 retail locations, and loans made in Latin America, where the company has over 700 locations in Mexico and several more in Guatemala.

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