Natuzzi SPA (Natuzzi SPA) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2023)

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What is Natuzzi SPA Long-Term Capital Lease Obligation?

Natuzzi SPA's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil.

Natuzzi SPA's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($52.5 Mil) to Dec. 2021 ($52.6 Mil) but then declined from Dec. 2021 ($52.6 Mil) to Dec. 2022 ($43.5 Mil).

Natuzzi SPA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Natuzzi 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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Natuzzi SPA Long-Term Capital Lease Obligation Chart

Natuzzi SPA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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51.17

52.48

52.65

43.46

Natuzzi 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															-	43.46	-	-	-

Natuzzi SPA (NYSE:NTZ) 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.

Natuzzi SPA Long-Term Capital Lease Obligation Related Terms

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Natuzzi SPA (Natuzzi SPA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Natuzzi SPA (NYSE:NTZ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Via Iazzitiello 47, Santeramo in Colle, Bari, ITA, 70029

Website

https://www.natuzzi.com

Natuzzi SPA is an Italian firm that designs, manufactures, and sells contemporary and traditional leather and fabric-upholstered furniture. Its product portfolio including sofas, loveseats, armchairs, sectional furniture, motion furniture and sofa beds, living room furnishings, and accessories. The company markets its products under several brands such as Natuzzi Italia, Private label, and Natuzzi Editions. Geographically, it derives a majority of revenue from the United States of America and also has an international presence in Italy, Spain, UK, Spain, Spain and Other countries.