HanseYachts AG (FRA:H9Y) Long-Term Capital Lease Obligation : €3 Mil (As of Dec. 2023)

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What is HanseYachts AG Long-Term Capital Lease Obligation?

HanseYachts AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3 Mil.

HanseYachts AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€3 Mil) to Jun. 2023 (€3 Mil) and declined from Jun. 2023 (€3 Mil) to Dec. 2023 (€3 Mil).

HanseYachts AG's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (€2 Mil) to Jun. 2022 (€3 Mil) but then declined from Jun. 2022 (€3 Mil) to Jun. 2023 (€3 Mil).

HanseYachts AG Long-Term Capital Lease Obligation Historical Data

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

HanseYachts AG Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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1.20

2.38

1.86

3.31

2.89

HanseYachts AG 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															1.94	3.31	3.02	2.89	2.62

HanseYachts AG (FRA:H9Y) 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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HanseYachts AG (FRA:H9Y) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » HanseYachts AG (FRA:H9Y) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

H9Y:Germany

Address

Ladebower Chaussee 11, Greifswald, MV, DEU, 17493

Website

https://www.hanseyachtsag.com

HanseYachts AG is the manufacturer of seagoing sailing and motor yachts. The company's business segments include Sailing Yachts; Motor Yachts; Catamarans and others. The Sailing Yachts segment engages in the production and selling of sailing yachts. It offers cruising yachts under the HANSE brand, elegant deck salons or classically designed cruisers under the Moody brand, sporty cruiser racers under the delher brand, and the VA brand. The Motor Yachts segment manufactures motor yachts under brands such as Fjord and Sealine. It generates maximum revenue from the Sailing Yachts segment. Geographically, it operates in Germany, the United States, France, Turkey, the Netherlands, the United Kingdom, Other Europe and others.

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