DMG Mori Aktiengesellschaft (HAM:GIL) Long-Term Capital Lease Obligation : €34 Mil (As of Jun. 2023)

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What is DMG Mori Aktiengesellschaft Long-Term Capital Lease Obligation?

DMG Mori Aktiengesellschaft's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €34 Mil.

DMG Mori Aktiengesellschaft's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (€29 Mil) to Dec. 2022 (€30 Mil) and increased from Dec. 2022 (€30 Mil) to Jun. 2023 (€34 Mil).

DMG Mori Aktiengesellschaft's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (€36 Mil) to Dec. 2021 (€31 Mil) and declined from Dec. 2021 (€31 Mil) to Dec. 2022 (€30 Mil).

DMG Mori Aktiengesellschaft Long-Term Capital Lease Obligation Historical Data

The historical data trend for DMG Mori Aktiengesellschaft'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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DMG Mori Aktiengesellschaft Long-Term Capital Lease Obligation Chart

DMG Mori Aktiengesellschaft Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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43.47

35.91

30.98

30.38

DMG Mori Aktiengesellschaft Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															32.30	30.98	28.50	30.38	34.20

DMG Mori Aktiengesellschaft (HAM:GIL) 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.

DMG Mori Aktiengesellschaft Long-Term Capital Lease Obligation Related Terms

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DMG Mori Aktiengesellschaft (HAM:GIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DMG Mori Aktiengesellschaft (HAM:GIL) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0OP0:UK GIL:Germany

Address

Gildemeisterstrasse 60, Bielefeld, DEU, D-33689

Website

https://www.dmgmori.com

DMG Mori Aktiengesellschaft is a manufacturer of metal-cutting machine tools. The company operates three business segments: machine tools, industrial services, and corporate services. The machine tools segment includes turning and milling companies that produce lathes and milling machines, advanced technologies, and software solutions. Industrial solutions include the entire machine life cycle services. The largest end markets are Germany and the rest of Europe. The company is majority-owned by DMG Mori Company.