Trinseo (Trinseo) Long-Term Capital Lease Obligation : $52 Mil (As of Dec. 2023)

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What is Trinseo Long-Term Capital Lease Obligation?

Trinseo's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $52 Mil.

Trinseo's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($56 Mil) to Sep. 2023 ($52 Mil) and declined from Sep. 2023 ($52 Mil) to Dec. 2023 ($52 Mil).

Trinseo's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($69 Mil) to Dec. 2022 ($60 Mil) and declined from Dec. 2022 ($60 Mil) to Dec. 2023 ($52 Mil).

Trinseo Long-Term Capital Lease Obligation Historical Data

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

Trinseo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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58.00

65.50

69.20

60.20

51.70

Trinseo 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															60.20	57.20	56.00	52.40	51.70

Trinseo (NYSE:TSE) 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.

Trinseo Long-Term Capital Lease Obligation Related Terms

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Trinseo (Trinseo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Trinseo PLC (NYSE:TSE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TR5:Germany 3XD:Germany

Address

440 East Swedesford Road, Suite 301, Wayne, PA, USA, 19312

Website

https://www.trinseo.com

Trinseo PLC is a leading global materials company and manufacturer of latex and plastics products. The company's operating segments include latex binders, feedstocks, polystyrene, Americas styrenics, engineered materials, and base plastics. The company is a global leader in styrene-butadiene latex and holds a strong market position in Europe and North America. Base plastics is the business line with the highest net sales and contains compounds and blends for automotive and other applications. Europe accounts for the highest net sales by geography and building and construction/sheet accounts for the highest net sales by end market.

Executives

Matthew Farrell	director
Roger Greene	officer: VP, GLOBAL CONTROLLER & PAO	C/O TRINSEO PLC, 440 EAST SWEDESFORD ROAD, SUITE 301, WAYNE PA 19087
David Phillip Stasse	officer: See Remarks	C/O FREESCALE SEMICONDUCTOR, INC., 6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
Jeanmarie F. Desmond	director	C/O E.I. DU PONT DE NEMOURS AND COMPANY, 974 CENTRE ROAD, BLDG. 730, WILMINGTON DE 19805
Timothy J Thomas	officer: Vice President	C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312
Angelo N. Chaclas	officer: See Remarks	C/O TRINSEO S.A., 1000 CHESTERBROOK BOULEVARD, SUITE 300, BERWYN PA 19312
Frank A Bozich	officer: President and CEO	PO BOX 1046, SCHENECTADY NY 12301
Philip R Martens	director	PLEXUS CORP., ONE PLEXUS WAY, NEENAH WI 54956
Kessel Bregje Van	officer: SVP, Base Plastics	440 EAST SWEDESFORD ROAD, SUITE 301, WAYNE PA 19087
Han Hendriks	officer: Chief Technology Officer	C/O TRINSEO PLC, 440 EAST SWEDESFORD ROAD, SUITE 301, WAYNE PA 19087
Jeffrey J Cote	director	C/O SENSATA TECHNOLOGIES, INC., 529 PLEASANT STREET, ATTLEBORO MA 02703
M&g Investment Management Ltd	10 percent owner	10 FENCHURCH AVENUE, LONDON X0 EC3M 5AG
Bernard M Skeete	officer: VP, CAO and Global Controller	C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312
Joseph Alvarado	director	705 N. BAR Y ROAD, P.O. BOX 11368, JACKSON WY 83002
Johanna Frisch	officer: Treasurer	C/O TRINSEO PLC, 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312