Cenit AG (FRA:CSH) Long-Term Capital Lease Obligation : €7.5 Mil (As of Dec. 2023)

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What is Cenit AG Long-Term Capital Lease Obligation?

Cenit AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.5 Mil.

Cenit AG's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€6.9 Mil) to Sep. 2023 (€6.6 Mil) but then increased from Sep. 2023 (€6.6 Mil) to Dec. 2023 (€7.5 Mil).

Cenit AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€7.9 Mil) to Dec. 2022 (€8.1 Mil) but then declined from Dec. 2022 (€8.1 Mil) to Dec. 2023 (€7.5 Mil).

Cenit AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cenit 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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Cenit AG Long-Term Capital Lease Obligation Chart

Cenit AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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11.03

9.02

7.95

8.14

7.46

Cenit AG 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															8.14	7.61	6.95	6.56	7.46

Cenit AG (FRA:CSH) 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.

Cenit AG Long-Term Capital Lease Obligation Related Terms

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Cenit AG (FRA:CSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cenit AG (FRA:CSH) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CSH:Germany

Address

Industriestrasse 52-54, Stuttgart, DEU, 70565

Website

https://www.cenit.com

Cenit AG is a software and information technology consulting company. It offers Product Lifecycle Management and Enterprise Information Management. The PLM (Product Lifestyle Management) segment focuses on the automotive, aerospace, mechanical engineering, and shipbuilding industries. The Enterprise Information Management focuses on products of the strategic software. The focus of the CENIT Group is on business process optimization and computer-aided design and development technologies. The company's revenue is generated from its Germany segment.

Executives

Peter Schneck

Board of Directors