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Mercedes-Benz Group AG (XTER:MBG) Long-Term Capital Lease Obligation : €1,814 Mil (As of Mar. 2024)


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What is Mercedes-Benz Group AG Long-Term Capital Lease Obligation?

Mercedes-Benz Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,814 Mil.

Mercedes-Benz Group AG's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1,729 Mil) to Dec. 2023 (€1,713 Mil) but then increased from Dec. 2023 (€1,713 Mil) to Mar. 2024 (€1,814 Mil).

Mercedes-Benz Group AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2,066 Mil) to Dec. 2022 (€2,047 Mil) and declined from Dec. 2022 (€2,047 Mil) to Dec. 2023 (€1,713 Mil).

Mercedes-Benz Group AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mercedes-Benz 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.

* Premium members only.

Mercedes-Benz Group AG Long-Term Capital Lease Obligation Chart

Mercedes-Benz Group AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,537.00 3,069.00 2,066.00 2,047.00 1,713.00

Mercedes-Benz Group AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,892.00 1,818.00 1,729.00 1,713.00 1,814.00

Mercedes-Benz Group AG  (XTER:MBG) 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.

Mercedes-Benz Group AG Long-Term Capital Lease Obligation Related Terms

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Mercedes-Benz Group AG (XTER:MBG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (XTER:MBG) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
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Address
Mercedesstrasse 120, Stuttgart, BW, DEU, 70372
Website
https://www.daimler.com
Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).
Executives
Dr. Frank Weber Supervisory Board
Bader M. Al Saad Supervisory Board
Dr. Martin Brudermüller Supervisory Board
Sari Baldauf Supervisory Board
Ben Van Beurden Supervisory Board
Dr. Bernd Pischetsrieder Supervisory Board
Timotheus Höttges Supervisory Board
Petraea Heynike Supervisory Board
Dr. Manfred Bischoff Supervisory Board
Josef Kaeser Supervisory Board
Dr. Jürgen Hambrecht Supervisory Board