Azelis Group NV (Azelis Group NV) Long-Term Capital Lease Obligation : $109 Mil (As of Dec. 2023)

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What is Azelis Group NV Long-Term Capital Lease Obligation?

Azelis Group NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $109 Mil.

Azelis Group NV's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($86 Mil) to Jun. 2023 ($98 Mil) and increased from Jun. 2023 ($98 Mil) to Dec. 2023 ($109 Mil).

Azelis Group NV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($61 Mil) to Dec. 2022 ($86 Mil) and increased from Dec. 2022 ($86 Mil) to Dec. 2023 ($109 Mil).

Azelis Group NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Azelis Group NV'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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Azelis Group NV Long-Term Capital Lease Obligation Chart

Azelis Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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38.90

55.61

61.11

85.98

109.43

Azelis Group NV Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				61.11	70.58	85.98	97.68	109.43

Azelis Group NV (OTCPK:AZLGF) 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.

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Azelis Group NV (Azelis Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Azelis Group NV (OTCPK:AZLGF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AZEb:UK 2R7:Germany AZE:Belgium

Address

Posthofbrug 12, Box 6, Antwerp, BEL, B-2600

Website

https://www.azelis.com

Azelis Group NV is a innovation service provider for the specialty chemicals and food ingredients industry. The company has its business operating segments namely Life Sciences and Industrial chemicals. Geographically, the company has its presence in EMEA, Americas and Asia Pacific.

Azelis Group NV (Azelis Group NV) Headlines

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