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Eutelsat Communications (XPAR:ETL) Long-Term Capital Lease Obligation : €366 Mil (As of Dec. 2023)


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What is Eutelsat Communications Long-Term Capital Lease Obligation?

Eutelsat Communications's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €366 Mil.

Eutelsat Communications's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€307 Mil) to Jun. 2023 (€273 Mil) but then increased from Jun. 2023 (€273 Mil) to Dec. 2023 (€366 Mil).

Eutelsat Communications's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (€412 Mil) to Jun. 2022 (€366 Mil) and declined from Jun. 2022 (€366 Mil) to Jun. 2023 (€273 Mil).


Eutelsat Communications Long-Term Capital Lease Obligation Historical Data

The historical data trend for Eutelsat Communications'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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Eutelsat Communications Long-Term Capital Lease Obligation Chart

Eutelsat Communications Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 507.20 418.70 411.60 365.90 272.50

Eutelsat Communications 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 403.30 365.90 307.20 272.50 366.20

Eutelsat Communications  (XPAR:ETL) 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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Eutelsat Communications (XPAR:ETL) Business Description

Industry
Traded in Other Exchanges
Address
32, boulevard Gallieni, Issy-les-Moulineaux, Paris, FRA, 92130
Eutelsat Communications is a French commercial satellite provider with coverage spanning the European continent, the Middle East, Africa, India, and the Americas. It operates a fleet of over 36 satellites serving broadcasters, telecommunications operators, Internet service providers, and government agencies. These satellites are used for video broadcasting, news gathering, broadband services, and data connectivity solutions. Eutelsat generates revenue in Europe, the Americas, the Middle East and North Africa, and Asia.

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