Forbo Holding AG (XSWX:FORN) Long-Term Capital Lease Obligation : CHF0 Mil (As of Dec. 2023)

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What is Forbo Holding AG Long-Term Capital Lease Obligation?

Forbo Holding AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF0 Mil.

Forbo Holding AG's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (CHF0 Mil) to Jun. 2023 (CHF26 Mil) but then declined from Jun. 2023 (CHF26 Mil) to Dec. 2023 (CHF0 Mil).

Forbo Holding AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Forbo Holding AG'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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Forbo Holding AG Long-Term Capital Lease Obligation Chart

Forbo Holding AG Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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Forbo Holding AG 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															-	31.20	-	26.10	-

Forbo Holding AG (XSWX:FORN) 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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Forbo Holding AG (XSWX:FORN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Forbo Holding AG (XSWX:FORN) » Definitions » Long-Term Capital Lease Obligation

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FORNz:UK

Address

Lindenstrasse 8, P.O. Box 1339, Baar, CHE, CH-6341

Website

https://www.forbo.com

Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe.

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