Ciech (WAR:CIE) Long-Term Capital Lease Obligation : zł106 Mil (As of Sep. 2023)

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What is Ciech Long-Term Capital Lease Obligation?

Ciech's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was zł106 Mil.

Ciech's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (zł110 Mil) to Jun. 2023 (zł103 Mil) but then increased from Jun. 2023 (zł103 Mil) to Sep. 2023 (zł106 Mil).

Ciech's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (zł104 Mil) to Dec. 2021 (zł121 Mil) but then declined from Dec. 2021 (zł121 Mil) to Dec. 2022 (zł105 Mil).

Ciech Long-Term Capital Lease Obligation Historical Data

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

Ciech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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117.85

115.87

103.52

121.17

104.85

Ciech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															109.94	104.85	110.01	103.46	105.60

Ciech (WAR:CIE) 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.

Ciech Long-Term Capital Lease Obligation Related Terms

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Ciech (WAR:CIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ciech SA (WAR:CIE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

ul Wspolna Street 62, Warsaw, POL, 00-684

Website

https://www.ciechgroup.com

Ciech SA manufactures and sells soda ash, glass, and chemical-based products. The firm's four segments are based on product type and function. The Soda segment, which generates the majority of revenue, sells soda ash used in the production of glass, detergents, and chemicals. Agro Segment is a manufacturer of crop protection products used in agriculture. The resins segment produces epoxy resins and polyester resins. Foams Segment is a producer of polyurethane foams, mainly used in the furniture industry for upholstered furniture and mattresses. Silicates Segment manufactures sodium silicates and potassium silicates. The packaging segment manufactures glass packaging lanterns and jars, used in the food industry and for the production of headstone lamps.

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