Thessaloniki Port Authority (ATH:OLTH) Long-Term Capital Lease Obligation : €45.88 Mil (As of Dec. 2023)

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What is Thessaloniki Port Authority Long-Term Capital Lease Obligation?

Thessaloniki Port Authority's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €45.88 Mil.

Thessaloniki Port Authority's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€45.64 Mil) to Jun. 2023 (€46.53 Mil) but then declined from Jun. 2023 (€46.53 Mil) to Dec. 2023 (€45.88 Mil).

Thessaloniki Port Authority's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€46.13 Mil) to Dec. 2022 (€45.64 Mil) but then increased from Dec. 2022 (€45.64 Mil) to Dec. 2023 (€45.88 Mil).

Thessaloniki Port Authority Long-Term Capital Lease Obligation Historical Data

The historical data trend for Thessaloniki Port Authority'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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Thessaloniki Port Authority Long-Term Capital Lease Obligation Chart

Thessaloniki Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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44.42

45.97

46.13

45.64

45.88

Thessaloniki Port Authority 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															46.13	44.72	45.64	46.53	45.88

Thessaloniki Port Authority (ATH:OLTH) 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.

Thessaloniki Port Authority Long-Term Capital Lease Obligation Related Terms

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Thessaloniki Port Authority (ATH:OLTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thessaloniki Port Authority SA (ATH:OLTH) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

03P:Germany

Address

?'provlita Limenos Thessalonikis, P.O. B?x 10467, Thessaloniki, GRC, 54110

Website

http://www.thpa.gr

Thessaloniki Port Authority SA is a shipping company based in Greece. It manages the port of Thessaloniki and provides ship berthing, anchoring, mooring, loading, unloading and cargo handling and passenger services along with add-on services like water, electricity, telephone connections, The company's operational areas are categorized into four, which are vessels, containers, event halls and parking services. Most of its revenues are obtained from its container and vessel operations catering to industries, shipping agents, container transportation companies, and freight transport companies. The Event halls are another aspect of its service area, wherein the company provides premises to host multipurpose activities.

Thessaloniki Port Authority (ATH:OLTH) Headlines

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