Polytec Holding AG (WBO:PYT) Long-Term Capital Lease Obligation : €0.0 Mil (As of Sep. 2023)

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What is Polytec Holding AG Long-Term Capital Lease Obligation?

Polytec Holding AG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.0 Mil.

Polytec Holding AG's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€6.5 Mil) to Dec. 2021 (€12.3 Mil) but then declined from Dec. 2021 (€12.3 Mil) to Dec. 2022 (€10.2 Mil).

Polytec Holding AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Polytec Holding 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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Polytec Holding AG Long-Term Capital Lease Obligation Chart

Polytec Holding AG Annual Data

Trend

Dec13

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Dec15

Dec16

Dec17

Dec18

Dec19

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Dec22

Long-Term Capital Lease Obligation

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0.05

6.45

12.27

10.18

Polytec Holding AG 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															-	10.18	-	-	-

Polytec Holding AG (WBO:PYT) 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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Polytec Holding AG (WBO:PYT) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polytec Holding AG (WBO:PYT) » Definitions » Long-Term Capital Lease Obligation

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P4N:Germany

Address

Polytec-Strasse 1, Hoersching, AUT, 4063

Website

https://www.polytec-group.com

Polytec Holding AG is an Austria-based company focused on the automotive and plastics industry. It manufactures plastic parts globally. The operating segments are divided into four units namely Plastics, which supplies plastic components for the interior of passenger cars, engines, and the non-automotive industry. Composites provide exterior and engine parts for commercial and passenger vehicles. The car-Styling unit offers accessories, small parts, and systems for vehicles, and Industrial produces plastic molded components and others. It provides service in the field of injection molding, fiber-reinforced plastics, and the manufacturer of original accessory parts made of plastic and stainless steel. Geographical presence in Austria, Austria, UK, Sweden, Hungary, and Other countries.

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