Cenergy Holdings (XBRU:CENER) Long-Term Capital Lease Obligation : €6.24 Mil (As of Dec. 2023)

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What is Cenergy Holdings Long-Term Capital Lease Obligation?

Cenergy Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €6.24 Mil.

Cenergy Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€5.31 Mil) to Sep. 2023 (€0.00 Mil) but then increased from Sep. 2023 (€0.00 Mil) to Dec. 2023 (€6.24 Mil).

Cenergy Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2.08 Mil) to Dec. 2022 (€2.23 Mil) and increased from Dec. 2022 (€2.23 Mil) to Dec. 2023 (€6.24 Mil).

Cenergy Holdings Long-Term Capital Lease Obligation Historical Data

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

Cenergy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.99

3.68

2.08

2.23

6.24

Cenergy Holdings Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	2.23	5.31	-	6.24

Cenergy Holdings (XBRU:CENER) 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.

Cenergy Holdings Long-Term Capital Lease Obligation Related Terms

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Cenergy Holdings (XBRU:CENER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cenergy Holdings SA (XBRU:CENER) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CENER:Greece 9CN:Germany

Address

30 Marnix Avenue, Brussels, BEL, 1000

Website

https://www.cenergyholdings.com

Cenergy Holdings SA is engaged in the production, distribution, and trading of cables for power transmission, distribution & renewables, oil and gas transportation and drilling, telecom, and data transmission and construction and industrial markets, and steel pipes. The company is divided into two segments namely Cables and Steel Pipes. The Cables segment manufactures power, telecommunication, and submarine cables, as well as enameled wires and compounds. The Steel Pipes segment produces steel pipes for the transportation of natural gas, oil, and water networks, as well as steel hollow sections that are used in construction projects. Geographically, the majority is from America.

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