CTS Eventim AG. KGaA (CTS Eventim AG. KGaA) Long-Term Capital Lease Obligation : $109 Mil (As of Dec. 2023)

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What is CTS Eventim AG. KGaA Long-Term Capital Lease Obligation?

CTS Eventim AG. KGaA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $109 Mil.

CTS Eventim AG. KGaA's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($109 Mil) to Sep. 2023 ($110 Mil) but then declined from Sep. 2023 ($110 Mil) to Dec. 2023 ($109 Mil).

CTS Eventim AG. KGaA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($128 Mil) to Dec. 2022 ($109 Mil) but then increased from Dec. 2022 ($109 Mil) to Dec. 2023 ($109 Mil).

CTS Eventim AG. KGaA Long-Term Capital Lease Obligation Historical Data

The historical data trend for CTS Eventim AG. KGaA'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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CTS Eventim AG. KGaA Long-Term Capital Lease Obligation Chart

CTS Eventim AG. KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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135.75

146.44

127.71

108.99

109.41

CTS Eventim AG. KGaA 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															108.99	108.73	108.71	109.98	109.41

CTS Eventim AG. KGaA (OTCPK:CEVMF) 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.

CTS Eventim AG. KGaA Long-Term Capital Lease Obligation Related Terms

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CTS Eventim AG. KGaA (CTS Eventim AG. KGaA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CTS Eventim AG & Co. KGaA (OTCPK:CEVMF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CEVMY:USA EVDd:UK 0EEE:UK EVD:Germany EVD:Austria

Address

Contrescarpe 75 A, Bremen, HB, DEU, 28195

Website

https://www.eventim.de

CTS Eventim AG & Co. KGaA is a diversified media company that focuses on the ticketing market. The business is divided into two segments, ticketing, and live entertainment. The ticketing segment produces, sells, and distributes tickets for a variety of leisure-based events. The company sells tickets for concerts, sports, theater events, and provides travel services as well. The live entertainment business segment plans and organizes tour events, largely for music-based concerts. The company generates the vast majority of its revenue in Germany.

CTS Eventim AG. KGaA (CTS Eventim AG. KGaA) Headlines

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