Siemens Energy AG (WBO:ENR) Long-Term Capital Lease Obligation : €1,438 Mil (As of Mar. 2024)

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What is Siemens Energy AG Long-Term Capital Lease Obligation?

Siemens Energy AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,438 Mil.

Siemens Energy AG's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1,291 Mil) to Dec. 2023 (€0 Mil) but then increased from Dec. 2023 (€0 Mil) to Mar. 2024 (€1,438 Mil).

Siemens Energy AG's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€1,084 Mil) to Sep. 2022 (€1,151 Mil) and increased from Sep. 2022 (€1,151 Mil) to Sep. 2023 (€1,291 Mil).

Siemens Energy AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Siemens Energy AG'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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Siemens Energy AG Long-Term Capital Lease Obligation Chart

Siemens Energy AG Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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37.00

932.00

1,084.00

1,151.00

1,291.00

Siemens Energy AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,346.00	-	1,291.00	-	1,438.00

Siemens Energy AG (WBO:ENR) 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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Siemens Energy AG (WBO:ENR) Business Description

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Address

Otto-Hahn-Ring 6, Munich, BY, DEU, 81739

Website

https://www.siemens-energy.com

Siemens Energy AG manufactures a wide range of equipment used to generate and transmit energy. The group is a product of the spinout from Siemens AG in 2020, consisting of the power and gas segment and Siemens Gamesa, although its operations go back over 150 years. Approximately one sixth of global electricity generation is based on its technology.