Koninklijke Philips NV (Koninklijke Philips NV) Long-Term Capital Lease Obligation : $942 Mil (As of Dec. 2023)

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What is Koninklijke Philips NV Long-Term Capital Lease Obligation?

Koninklijke Philips NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $942 Mil.

Koninklijke Philips NV's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 ($0 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($942 Mil).

Koninklijke Philips NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,088 Mil) to Dec. 2022 ($903 Mil) but then increased from Dec. 2022 ($903 Mil) to Dec. 2023 ($942 Mil).

Koninklijke Philips NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Koninklijke Philips NV'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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Koninklijke Philips NV Long-Term Capital Lease Obligation Chart

Koninklijke Philips NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,232.22

1,153.29

1,088.14

902.54

942.20

Koninklijke Philips NV 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															902.54	-	-	-	942.20

Koninklijke Philips NV (NYSE:PHG) 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.

Koninklijke Philips NV Long-Term Capital Lease Obligation Related Terms

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Koninklijke Philips NV (Koninklijke Philips NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Koninklijke Philips NV (NYSE:PHG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RYLPF:USA PHIA:Netherlands PHIA:Italy 0A2M:UK PHIAa:UK 0LNG:UK PHIA:Germany PHI1:Germany PHI1:Germany PHI1:Germany PHIA:Germany PHI1:Germany PHGN34:Brazil PHIA:Austria

Address

Philips Center, Amstelplein 2, Amsterdam, NLD, 1096 BC

Website

https://www.philips.com

Philips is a diversified global healthcare company operating in three segments: diagnosis and treatment, connected care, and personal health. Around 50% of the company's revenue comes from the diagnosis and treatment segment, which features imaging systems, ultrasound equipment, image-guided therapy solutions and healthcare informatics. The connected care segment (around 30% of revenue) encompasses monitoring and analytics systems for hospitals and sleep and respiratory care devices, whereas the personal health business (remainder of revenue) includes electric toothbrushes and men's grooming and personal-care products.