Grand City Properties (XTER:GYC) Long-Term Capital Lease Obligation : €0.0 Mil (As of Mar. 2024)

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What is Grand City Properties Long-Term Capital Lease Obligation?

Grand City Properties's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil.

Grand City Properties's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0.0 Mil) to Dec. 2023 (€105.1 Mil) but then declined from Dec. 2023 (€105.1 Mil) to Mar. 2024 (€0.0 Mil).

Grand City Properties's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€58.7 Mil) to Dec. 2022 (€57.4 Mil) but then increased from Dec. 2022 (€57.4 Mil) to Dec. 2023 (€105.1 Mil).

Grand City Properties Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grand City Properties'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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Grand City Properties Long-Term Capital Lease Obligation Chart

Grand City Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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61.00

55.10

58.70

57.42

105.12

Grand City Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	105.12	-

Grand City Properties (XTER:GYC) 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.

Grand City Properties Long-Term Capital Lease Obligation Related Terms

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Grand City Properties (XTER:GYC) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grand City Properties SA (XTER:GYC) » Definitions » Long-Term Capital Lease Obligation

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GRNNF:USA 0RPK:UK GYC:Austria

Address

37, Boulevard Joseph II, Luxembourg, LUX, L-1840

Website

https://www.grandcityproperties.com

Grand City Properties SA is a real estate company. It is a specialist real estate company focused on buying, re-developing, optimizing, repositioning, investing and managing value-add opportunities in the German real estate market. The company is also involved in asset and property management activities along with the real estate value chain. Its portfolio is mainly located in Berlin, North Rhine Westphalia, Dresden, Leipzig, Halle, Nuremberg, Munich, Mannheim, Frankfurt, Bremen, and Hamburg.

Executives

Christian Windfuhr

Chairman