Ceconomy AG (Ceconomy AG) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Ceconomy AG Long-Term Capital Lease Obligation?

Ceconomy AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Ceconomy AG's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($0 Mil) to Sep. 2023 ($1,399 Mil) but then declined from Sep. 2023 ($1,399 Mil) to Dec. 2023 ($0 Mil).

Ceconomy AG's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($1,828 Mil) to Sep. 2022 ($1,440 Mil) and declined from Sep. 2022 ($1,440 Mil) to Sep. 2023 ($1,399 Mil).

Ceconomy AG Long-Term Capital Lease Obligation Historical Data

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

Ceconomy AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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46.26

1,883.39

1,828.24

1,439.60

1,399.15

Ceconomy AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	1,399.15	-

Ceconomy AG (OTCPK:MTTRY) 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.

Ceconomy AG Long-Term Capital Lease Obligation Related Terms

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Ceconomy AG (Ceconomy AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ceconomy AG (OTCPK:MTTRY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

1CEC:Italy CECd:UK 0MPM:UK CEC:Germany CEC:Germany CEC:Germany CEC:Germany CEC:Austria

Address

Kaistrasse 3, Dusseldorf, NW, DEU, 40221

Website

https://www.ceconomy.de

Ceconomy AG is engaged in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE, a music streaming service that comprises songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New, a purchasing service for consumer electronics, which allows customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world. Its operating segment includes DACH; Western/ Southern Europe; Eastern Europe and others. The company derives a majority of its revenue from the DACH segment which includes Germany, Austria, Switzerland, and Hungary.

Ceconomy AG (Ceconomy AG) Headlines

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