Kingspan Group (STU:KRX) Long-Term Capital Lease Obligation : €180 Mil (As of Dec. 2023)

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What is Kingspan Group Long-Term Capital Lease Obligation?

Kingspan Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €180 Mil.

Kingspan Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€163 Mil) to Jun. 2023 (€172 Mil) and increased from Jun. 2023 (€172 Mil) to Dec. 2023 (€180 Mil).

Kingspan Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€125 Mil) to Dec. 2022 (€163 Mil) and increased from Dec. 2022 (€163 Mil) to Dec. 2023 (€180 Mil).

Kingspan Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kingspan Group'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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Kingspan Group Long-Term Capital Lease Obligation Chart

Kingspan Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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99.00

89.80

125.30

163.40

180.30

Kingspan Group 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															125.30	134.60	163.40	171.50	180.30

Kingspan Group (STU:KRX) 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.

Kingspan Group Long-Term Capital Lease Obligation Related Terms

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Kingspan Group (STU:KRX) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kingspan Group PLC (STU:KRX) » Definitions » Long-Term Capital Lease Obligation

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KGSPY:USA KRX:Ireland KRXi:UK 0KGP:UK KRX:Germany

Address

Dublin Road, Kingscourt, County Cavan, IRL, A82 XY31

Website

https://www.kingspan.com

Kingspan Group PLC manufactures and sells building supplies to the commercial, residential, and data storage industries throughout the world. The company organizes itself in five segments. The Insulated Panels segment, which generates the majority of revenue, sells insulated panels, structural frames, and metal facades. The Insulation segment sells insulation boards, building series insulation, and engineered timber systems. The Light and Air segment manufacture day-lighting, smoke management, and ventilation systems. The Water and Energy segment manufacture energy and water solutions and all related service activities, and Data and Flooring Technology manufacture data center storage solutions and raised access floors. and Roofing and Waterproof segment.

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