Proximus (Proximus) Long-Term Capital Lease Obligation

: $229 Mil (As of Dec. 2023)

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Proximus's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $229 Mil.

Proximus's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($210 Mil) to Sep. 2023 ($225 Mil) and increased from Sep. 2023 ($225 Mil) to Dec. 2023 ($229 Mil).

Proximus's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($231 Mil) to Dec. 2022 ($211 Mil) but then increased from Dec. 2022 ($211 Mil) to Dec. 2023 ($229 Mil).

Proximus Long-Term Capital Lease Obligation Historical Data

The historical data trend for Proximus'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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Proximus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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270.00

262.77

230.51

210.81

229.01

Proximus 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															210.81	216.27	210.18	225.19	229.01

Proximus (OTCPK:BGAOY) 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.

Proximus Long-Term Capital Lease Obligation Related Terms

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Proximus (Proximus) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Proximus SA (OTCPK:BGAOY) » Definitions » Long-Term Capital Lease Obligation

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Address

Boulevard du Roi Albert II, 27, Proximus Towers, Brussels, BEL, B-1030

Website

https://www.proximus.com

Proximus is the incumbent telecom operator in Belgium. The firm has around 45% share of the broadband market and 30% of the postpaid mobile market, mainly competing with Telenet (mobile and fixed) and Orange (mobile and fixed). Proximus is rolling out fiber to the home in Belgium and expects to have 95% of the country covered by 2032. Its international carrier services division, BICS, is one of the four largest in the world, serving more than 250 operators, which was strengthened in 2017 with the acquisition of Telesign.