Snam SpA (MIL:SRG) Long-Term Capital Lease Obligation : €43 Mil (As of Dec. 2023)

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What is Snam SpA Long-Term Capital Lease Obligation?

Snam SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €43 Mil.

Snam SpA's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€33 Mil) to Sep. 2023 (€40 Mil) and increased from Sep. 2023 (€40 Mil) to Dec. 2023 (€43 Mil).

Snam SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€14 Mil) to Dec. 2022 (€33 Mil) and increased from Dec. 2022 (€33 Mil) to Dec. 2023 (€43 Mil).

Snam SpA Long-Term Capital Lease Obligation Historical Data

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

Snam SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.00

14.00

33.00

43.00

Snam SpA 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															33.00	33.00	40.00	43.00	-

Snam SpA (MIL:SRG) 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.

Snam SpA Long-Term Capital Lease Obligation Related Terms

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Snam SpA (MIL:SRG) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Snam SpA (MIL:SRG) » Definitions » Long-Term Capital Lease Obligation

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SNMRY:USA SRGm:UK 0NQP:UK SNM:Germany SRG:Austria

Address

Piazza Santa Barbara, 7, San Donato Milanese, Milan, ITA, 20097

Website

https://www.snam.it

Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 6.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.