GEA Group AG (XTER:G1A) Long-Term Capital Lease Obligation : €96 Mil (As of Dec. 2023)

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What is GEA Group AG Long-Term Capital Lease Obligation?

GEA Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €96 Mil.

GEA Group AG's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (€0 Mil) to Sep. 2023 (€0 Mil) but then increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€96 Mil).

GEA Group AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€110 Mil) to Dec. 2022 (€107 Mil) and declined from Dec. 2022 (€107 Mil) to Dec. 2023 (€96 Mil).

GEA Group AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for GEA Group 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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GEA Group AG Long-Term Capital Lease Obligation Chart

GEA Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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123.27

100.77

110.17

106.75

95.88

GEA Group AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															106.75	-	-	-	95.88

GEA Group AG (XTER:G1A) 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.

GEA Group AG Long-Term Capital Lease Obligation Related Terms

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GEA Group AG (XTER:G1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GEA Group AG (XTER:G1A) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GEAGF:USA G1A:Mexico 1G:Italy G1Ad:UK 0MPJ:UK

Address

Peter-Muller-Strasse 12, Dusseldorf, DEU, 40468

Website

https://www.gea.com

GEA Group is one of the world's largest suppliers of processing systems and equipment for the food, beverage, and pharmaceutical industries. Across its five divisions, GEA designs and manufactures process engineering equipment and offers turnkey solutions for customers' processing lines or product(s). GEA also offers a comprehensive aftermarket offering spanning maintenance services and spare parts and components.

Executives

Johannes Giloth	Board of Directors
Bernhard Brinker	Board of Directors
Marcus Ketter	Board of Directors

GEA Group AG (XTER:G1A) Headlines

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