Vassilico Cement Works PCL (CYS:VCW) Long-Term Capital Lease Obligation

: €1.4 Mil (As of Dec. 2023)

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Vassilico Cement Works PCL's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.4 Mil.

Vassilico Cement Works PCL's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€1.5 Mil) to Jun. 2023 (€1.4 Mil) and declined from Jun. 2023 (€1.4 Mil) to Dec. 2023 (€1.4 Mil).

Vassilico Cement Works PCL's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1.5 Mil) to Dec. 2022 (€1.5 Mil) and declined from Dec. 2022 (€1.5 Mil) to Dec. 2023 (€1.4 Mil).

Vassilico Cement Works PCL Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vassilico Cement Works PCL'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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Vassilico Cement Works PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.07

1.61

1.54

1.47

1.41

Vassilico Cement Works PCL 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																1.54	1.51	1.47	1.44	1.41

Vassilico Cement Works PCL (CYS:VCW) 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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Vassilico Cement Works PCL (CYS:VCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vassilico Cement Works PCL (CYS:VCW) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

1A Kyriakos Matsis Avenue, 4th Floor, P.O. Box 22281, Nicosia, CYP, 1082

Website

https://www.vassiliko.com

Vassilico Cement Works PCL is the company whose principal business activities are the production of clinker and cement, which are distributed in the local and international markets. It manages queries for the extraction of raw materials which are used exclusively for the production of cement. The company generates the majority of its revenue from cement products and from the domestic market.

Vassilico Cement Works PCL (CYS:VCW) Headlines

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