Corning (BUE:GLW) Long-Term Capital Lease Obligation : ARS305,406 Mil (As of Dec. 2023)

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What is Corning Long-Term Capital Lease Obligation?

Corning's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ARS305,406 Mil.

Corning's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (ARS198,480 Mil) to Sep. 2023 (ARS294,658 Mil) and increased from Sep. 2023 (ARS294,658 Mil) to Dec. 2023 (ARS305,406 Mil).

Corning's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (ARS69,784 Mil) to Dec. 2022 (ARS133,282 Mil) and increased from Dec. 2022 (ARS133,282 Mil) to Dec. 2023 (ARS305,406 Mil).

Corning Long-Term Capital Lease Obligation Historical Data

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

Corning Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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43,096.77

64,778.48

69,784.09

133,281.75

305,406.00

Corning Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															133,281.75	167,127.30	198,480.00	294,657.91	305,406.00

Corning (BUE:GLW) 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.

Corning Long-Term Capital Lease Obligation Related Terms

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Corning (BUE:GLW) Business Description

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Address

One Riverfront Plaza, Corning, NY, USA, 14831

Website

https://www.corning.com

Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.