Sanlorenzo SpA (MIL:SL) Long-Term Capital Lease Obligation : €0.0 Mil (As of Sep. 2023)

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What is Sanlorenzo SpA Long-Term Capital Lease Obligation?

Sanlorenzo SpA's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.0 Mil.

Sanlorenzo SpA's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (€0.0 Mil) to Jun. 2023 (€6.8 Mil) but then declined from Jun. 2023 (€6.8 Mil) to Sep. 2023 (€0.0 Mil).

Sanlorenzo SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (€4.8 Mil) to Dec. 2021 (€3.4 Mil) but then increased from Dec. 2021 (€3.4 Mil) to Dec. 2022 (€5.4 Mil).

Sanlorenzo SpA Long-Term Capital Lease Obligation Historical Data

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

Sanlorenzo SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

1.90

4.81

3.42

5.40

Sanlorenzo SpA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	5.40	-	6.79	-

Sanlorenzo SpA (MIL:SL) 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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Sanlorenzo SpA (MIL:SL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sanlorenzo SpA (MIL:SL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

6SZA:Germany

Address

Via Armezzone, 3, Cantieri Navali di Ameglia, Ameglia, ITA, 19031

Website

http://www.sanlorenzoyacht.com

Sanlorenzo SpA is engaged in developing, designing, and building motor yachts. The company operates in three segments: Yacht, Superyacht, and Blue game, of which the majority of its revenue comes from the Yacht segment that designs, manufactures, and markets composite yachts between 24 and 38 meters long, under the Sanlorenzo brand. Its manufacturing activities are carried out through shipyards located in Spezia, Ameglia, Viareggio, and Massa. The company's geographical segments are Italy, Europe (other countries), United States, the Americas (other countries), Asia Pacific, and the Middle East and Africa.

Sanlorenzo SpA (MIL:SL) Headlines

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