Albany International (FRA:AII) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Albany International Long-Term Capital Lease Obligation?

Albany International's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Albany International's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€46 Mil) but then declined from Dec. 2023 (€46 Mil) to Mar. 2024 (€0 Mil).

Albany International's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€23 Mil) to Dec. 2022 (€47 Mil) but then declined from Dec. 2022 (€47 Mil) to Dec. 2023 (€46 Mil).

Albany International Long-Term Capital Lease Obligation Historical Data

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

Albany International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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33.38

24.42

22.58

47.38

46.43

Albany International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	46.43	-

Albany International (FRA:AII) 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.

Albany International Long-Term Capital Lease Obligation Related Terms

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Albany International (FRA:AII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Albany International Corp (FRA:AII) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AIN:USA

Address

216 Airport Drive, Rochester, NH, USA, 03867

Website

https://www.albint.com

Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.

Albany International (FRA:AII) Headlines

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