Lanxess AG (Lanxess AG) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is Lanxess AG Long-Term Capital Lease Obligation?

Lanxess AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

Lanxess AG's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($168 Mil) but then declined from Dec. 2023 ($168 Mil) to Mar. 2024 ($0 Mil).

Lanxess AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($179 Mil) to Dec. 2022 ($156 Mil) but then increased from Dec. 2022 ($156 Mil) to Dec. 2023 ($168 Mil).

Lanxess AG Long-Term Capital Lease Obligation Historical Data

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

Lanxess AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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111.11

103.41

178.53

155.72

167.94

Lanxess AG 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															-	-	-	167.94	-

Lanxess AG (OTCPK:LNXSF) 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.

Lanxess AG Long-Term Capital Lease Obligation Related Terms

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Lanxess AG (Lanxess AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lanxess AG (OTCPK:LNXSF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LNXSY:USA 1LXS:Italy LXSd:UK 0H7I:UK LXS:Germany LXS:Austria

Address

Kennedyplatz 1, Cologne, DEU, 50569

Website

https://www.lanxess.com

Lanxess is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.

Lanxess AG (Lanxess AG) Headlines

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