Umicore (Umicore) Long-Term Capital Lease Obligation : $55 Mil (As of Dec. 2023)

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What is Umicore Long-Term Capital Lease Obligation?

Umicore's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $55 Mil.

Umicore's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($43 Mil) to Jun. 2023 ($0 Mil) but then increased from Jun. 2023 ($0 Mil) to Dec. 2023 ($55 Mil).

Umicore's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($71 Mil) to Dec. 2022 ($43 Mil) but then increased from Dec. 2022 ($43 Mil) to Dec. 2023 ($55 Mil).

Umicore Long-Term Capital Lease Obligation Historical Data

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

Umicore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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51.40

64.31

71.06

43.12

55.29

Umicore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															71.06	-	43.12	-	55.29

Umicore (OTCPK:UMICY) 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.

Umicore Long-Term Capital Lease Obligation Related Terms

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Umicore (Umicore) Business Description

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Traded in Other Exchanges

UMICF:USA UMI:Mexico 0RUY:UK NVJP:Germany UMI:Belgium UMI:Austria

Address

Rue du Marais 31 Broekstraat, Brussels, BEL, B-1000

Website

https://www.umicore.com

Umicore SA operations are divided into the following business groups: Catalysis, Energy & Surface Technologies and Recycling. The Catalysis segment provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, including on-road & non-road vehicles. The Energy & Surface Technologies segment is focused on products that are found in applications used in the production and storage of clean energy and in a range of applications for surface technologies that bring specific properties and functionalities to end products. The Recycling segment treats complex waste streams containing precious and other speciality metals. The majority of revenue is from the Recycling segment. Geographically, the majority is from Europe.