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Technogym SpA (MIL:TGYM) Long-Term Capital Lease Obligation : €37.5 Mil (As of Jun. 2024)


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What is Technogym SpA Long-Term Capital Lease Obligation?

Technogym SpA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €37.5 Mil.

Technogym SpA's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€29.0 Mil) to Dec. 2023 (€34.2 Mil) and increased from Dec. 2023 (€34.2 Mil) to Jun. 2024 (€37.5 Mil).

Technogym SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€16.9 Mil) to Dec. 2022 (€29.2 Mil) and increased from Dec. 2022 (€29.2 Mil) to Dec. 2023 (€34.2 Mil).


Technogym SpA Long-Term Capital Lease Obligation Historical Data

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

Technogym SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.16 17.76 16.87 29.17 34.21

Technogym SpA Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.26 29.17 29.00 34.21 37.55

Technogym SpA  (MIL:TGYM) 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.

Technogym SpA Long-Term Capital Lease Obligation Related Terms

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Technogym SpA Business Description

Industry
Traded in Other Exchanges
Address
Via Calcinaro, 2861, Cesena, ITA, 47521
Technogym SpA is a fitness equipment manufacturer. The company offers integrated solutions for personal wellness consisting of equipment, services, and digital solutions that can be personalized and adapted to specific needs of end users and professional operators. The company offers a range of wellness, physical exercise and rehabilitation solutions to the major segments of the fitness equipment market and to the overall wellness industry. Its geographical segments are Europe (except Italy), APAC, North America, MEIA, Italy, and LATAM.

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