Otis Worldwide (WBO:OTIS) Short-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Otis Worldwide Short-Term Capital Lease Obligation?

Otis Worldwide's Short-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Otis Worldwide's quarterly Short-Term Capital Lease Obligation increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€107 Mil) but then declined from Dec. 2023 (€107 Mil) to Mar. 2024 (€0 Mil).

Otis Worldwide's annual Short-Term Capital Lease Obligation declined from Dec. 2021 (€160 Mil) to Dec. 2022 (€120 Mil) and declined from Dec. 2022 (€120 Mil) to Dec. 2023 (€107 Mil).

Otis Worldwide Short-Term Capital Lease Obligation Historical Data

The historical data trend for Otis Worldwide's Short-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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Otis Worldwide Short-Term Capital Lease Obligation Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Capital Lease Obligation

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126.00

137.27

160.19

119.89

107.29

Otis Worldwide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Short-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	107.29	-

Otis Worldwide Short-Term Capital Lease Obligation Explanation

Short-Term Capital Lease Obligation represents the total amount of Long-Term Capital Lease Obligation that must be paid within the next accounting period. Capital lease obligations are contractual obligations that arise from obtaining the use of property or equipment via a capital lease contract.

Otis Worldwide Short-Term Capital Lease Obligation Related Terms

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Otis Worldwide (WBO:OTIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (WBO:OTIS) » Definitions » Short-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany O1TI34:Brazil

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.