Cintas (FRA:CIT) Short-Term Capital Lease Obligation : €41 Mil (As of Feb. 2024)

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What is Cintas Short-Term Capital Lease Obligation?

Cintas's Short-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €41 Mil.

Cintas's quarterly Short-Term Capital Lease Obligation increased from Aug. 2023 (€40 Mil) to Nov. 2023 (€41 Mil) and increased from Nov. 2023 (€41 Mil) to Feb. 2024 (€41 Mil).

Cintas's annual Short-Term Capital Lease Obligation increased from May. 2021 (€36 Mil) to May. 2022 (€42 Mil) but then declined from May. 2022 (€42 Mil) to May. 2023 (€40 Mil).

Cintas Short-Term Capital Lease Obligation Historical Data

The historical data trend for Cintas's Short-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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Cintas Short-Term Capital Lease Obligation Chart

Cintas Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Short-Term Capital Lease Obligation

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39.46

36.09

41.50

40.21

Cintas Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Short-Term Capital Lease Obligation	Get a 7-Day Free Trial															40.13	40.21	40.17	40.71	41.19

Cintas Short-Term Capital Lease Obligation Explanation

Short-Term Capital Lease Obligation represents the total amount of Long-Term Capital Lease Obligation that must be paid within the next accounting period. Capital lease obligations are contractual obligations that arise from obtaining the use of property or equipment via a capital lease contract.

Cintas Short-Term Capital Lease Obligation Related Terms

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Cintas (FRA:CIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (FRA:CIT) » Definitions » Short-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CTAS:USA CTAS:Mexico CIT:Germany CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.