Technogym SpA (MIL:TGYM) Long-Term Capital Lease Obligation : €34.2 Mil (As of Dec. 2023)

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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 Dec. 2023 was €34.2 Mil.

Technogym SpA's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€29.2 Mil) to Jun. 2023 (€29.0 Mil) but then increased from Jun. 2023 (€29.0 Mil) to Dec. 2023 (€34.2 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.

* Premium members only.

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

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15.16

17.76

16.87

29.17

34.21

Technogym SpA Semi-Annual Data
	Dec13	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															16.87	21.26	29.17	29.00	34.21

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.

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Technogym SpA (MIL:TGYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Technogym SpA (MIL:TGYM) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TCCHF:USA 0RG1:UK TN2:Germany

Address

Via Calcinaro, 2861, Cesena, ITA, 47521

Website

https://www.technogym.com

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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