Bureau Veritas (WBO:BVI) Long-Term Capital Lease Obligation : €320 Mil (As of Dec. 2023)

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What is Bureau Veritas Long-Term Capital Lease Obligation?

Bureau Veritas's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €320 Mil.

Bureau Veritas's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€308 Mil) to Jun. 2023 (€307 Mil) but then increased from Jun. 2023 (€307 Mil) to Dec. 2023 (€320 Mil).

Bureau Veritas's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€308 Mil) to Dec. 2022 (€308 Mil) and increased from Dec. 2022 (€308 Mil) to Dec. 2023 (€320 Mil).

Bureau Veritas Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bureau Veritas'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.

* Premium members only.

Bureau Veritas Long-Term Capital Lease Obligation Chart

Bureau Veritas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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326.00

320.40

307.50

308.40

319.70

Bureau Veritas Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															307.50	295.90	308.40	306.80	319.70

Bureau Veritas (WBO:BVI) 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.

Bureau Veritas Long-Term Capital Lease Obligation Related Terms

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Bureau Veritas (WBO:BVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bureau Veritas SA (WBO:BVI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BVVBY:USA BVRDF:USA BVIp:UK 0MH1:UK BVI:France 4BV:Germany

Address

40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, FRA, 92200

Website

https://group.bureauveritas.com

Bureau Veritas is involved in the testing, inspection, and certification, or TIC, industry. The company's primary activities involve testing products or materials, inspecting sites/equipment, and certifying products and systems to maintain global standards. BV is one of only a handful of companies in the TIC sector that operate globally across numerous industries, including marine, industry, commodities, construction, and consumer products. BV listed in 2007, prior to which it was privately owned by the Wendel Group, who retain a significant holding.

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