Hochtief AG (CHIX:HOTD) Long-Term Capital Lease Obligation : €326 Mil (As of Dec. 2023)

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What is Hochtief AG Long-Term Capital Lease Obligation?

Hochtief AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €326 Mil.

Hochtief AG's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€339 Mil) to Sep. 2023 (€335 Mil) and declined from Sep. 2023 (€335 Mil) to Dec. 2023 (€326 Mil).

Hochtief AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€272 Mil) to Dec. 2022 (€356 Mil) but then declined from Dec. 2022 (€356 Mil) to Dec. 2023 (€326 Mil).

Hochtief AG Long-Term Capital Lease Obligation Historical Data

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

Hochtief AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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528.98

279.37

271.55

355.86

326.10

Hochtief 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															355.86	335.45	339.25	335.46	326.10

Hochtief AG (CHIX:HOTd) 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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Hochtief AG (CHIX:HOTD) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hochtief AG (CHIX:HOTd) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HOCFF:USA 1HOT:Italy 0EPW:UK HOT:Germany HOT:Austria

Address

Alfredstrasse 236, Essen, NW, DEU, 45133

Website

https://www.hochtief.com

Hochtief AG develops and constructs building and infrastructure projects. It works on complex projects in transportation, energy, urban infrastructure, and mining markets. It expands transportation networks with roads, bridges, and tunnels, or designs and constructs office buildings, hospitals, and power plants. The company leans on expertise and technical know-how in developing, financing, building, and operating in designated business areas. Also, it will partner with external groups to work on specific components of a project. Hochtief reports operating segments by regional divisions: Americas, Asia Pacific, and Europe. The Americas and the Asia Pacific account for the majority of sales and are where most of the company's assets are located.

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