ABB (ABBNY) Long-Term Capital Lease Obligation : $642 Mil (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is ABB Long-Term Capital Lease Obligation?

ABB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $642 Mil.

ABB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($643 Mil) to Dec. 2023 ($666 Mil) but then declined from Dec. 2023 ($666 Mil) to Mar. 2024 ($642 Mil).

ABB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($689 Mil) to Dec. 2022 ($651 Mil) but then increased from Dec. 2022 ($651 Mil) to Dec. 2023 ($666 Mil).

ABB Long-Term Capital Lease Obligation Historical Data

The historical data trend for ABB'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.

* Premium members only.

ABB Long-Term Capital Lease Obligation Chart

ABB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

717.00

731.00

689.00

651.00

666.00

ABB 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															666.00	652.00	643.00	666.00	642.00

ABB (OTCPK:ABBNY) 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.

ABB Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of ABB's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

ABB (ABBNY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ABB Ltd (OTCPK:ABBNY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ABLZF:USA ABB:Sweden ABBNz:UK 0NX2:UK ABJA:Germany ABBNE:Switzerland ABBN:Switzerland

Address

Affolternstrasse 44, Zurich, CHE, 8050

Website

https://www.abb.com

ABB is a supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies: ASEA and BBC. Its products include electrical equipment, industrial robots, and equipment used for industrial automation that are sold via approximately 20 business divisions. ABB is the number one or two supplier in two thirds of its product segments.