Grupo SimecB de CV (Grupo SimecB de CV) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)

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What is Grupo SimecB de CV Long-Term Capital Lease Obligation?

Grupo SimecB de CV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.

Grupo SimecB de CV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grupo SimecB de CV'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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Grupo SimecB de CV Long-Term Capital Lease Obligation Chart

Grupo SimecB de CV Annual Data

Trend

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Long-Term Capital Lease Obligation

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Grupo SimecB de CV Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Grupo SimecB de CV (AMEX:SIM) 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.

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Grupo SimecB de CV (Grupo SimecB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grupo Simec SAB de CV (AMEX:SIM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SIMECB:Mexico 4FV:Germany

Address

Calzada Lazaro Cardenas 601, Colonia La Nogalera, Guadalajara, JAL, MEX, 44440

Website

https://www.gsimec.com.mx

Grupo Simec SAB de CV is a diversified manufacturer, processor, and distributor of special bar quality, or SBQ, steel, and structural steel products. The United States, Brazil, and Mexico are the biggest markets for the company. The company's SBQ products are used across a broad range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment. The company's structural steel products are mainly used in the non-residential construction market and other construction applications.