Krones AG (XSWX:KRN) Long-Term Capital Lease Obligation

: CHF103 Mil (As of Mar. 2023)

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Krones AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was CHF103 Mil.

Krones AG's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (CHF89 Mil) to Sep. 2022 (CHF83 Mil) but then increased from Sep. 2022 (CHF83 Mil) to Mar. 2023 (CHF103 Mil).

Krones AG's annual Long-Term Capital Lease Obligation increased from Dec. 2019 (CHF65 Mil) to Dec. 2020 (CHF73 Mil) but then declined from Dec. 2020 (CHF73 Mil) to Dec. 2021 (CHF71 Mil).

Krones AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Krones 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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Krones AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

0.20

64.68

72.58

70.56

Krones AG Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23
Long-Term Capital Lease Obligation																70.56	81.89	89.02	83.07	102.66

Krones AG (XSWX:KRN) 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.

Krones AG Long-Term Capital Lease Obligation Related Terms

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Krones AG (XSWX:KRN) Business Description

Industry

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Traded in Other Exchanges

KRNTY:USA KRND:UK 0LQ4:UK KRN:Germany

Address

Bohmerwaldstrasse 5, Neutraubling, BY, DEU, 93073

Website

https://www.krones.com

Krones AG offers machinery and systems for filling, packaging, and producing beverages. Part of its product portfolio is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. Krones has two reportable segments: product filling and decoration, which is the highest revenue segment, and machines and lines for beverage production and process technology segment. Its customer base includes companies in the beverage, food, chemical, pharmaceutical, and cosmetic industries, but beverage companies account for most of the Krones' revenue. While the company has a global presence, Germany remains the central location for the development of machines, lines, and services.

Krones AG (XSWX:KRN) Headlines

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