Piraeus Port Authority (ATH:PPA) Long-Term Capital Lease Obligation : €61.8 Mil (As of Dec. 2023)

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What is Piraeus Port Authority Long-Term Capital Lease Obligation?

Piraeus Port Authority's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €61.8 Mil.

Piraeus Port Authority's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€62.9 Mil) to Jun. 2023 (€60.6 Mil) but then increased from Jun. 2023 (€60.6 Mil) to Dec. 2023 (€61.8 Mil).

Piraeus Port Authority's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€64.1 Mil) to Dec. 2022 (€62.9 Mil) and declined from Dec. 2022 (€62.9 Mil) to Dec. 2023 (€61.8 Mil).

Piraeus Port Authority Long-Term Capital Lease Obligation Historical Data

The historical data trend for Piraeus Port Authority'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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Piraeus Port Authority Long-Term Capital Lease Obligation Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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66.26

65.30

64.13

62.94

61.78

Piraeus Port Authority 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															64.13	61.78	62.94	60.58	61.78

Piraeus Port Authority (ATH:PPA) 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.

Piraeus Port Authority Long-Term Capital Lease Obligation Related Terms

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Piraeus Port Authority (ATH:PPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (ATH:PPA) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.