Horizon Global (FRA:2H6) Long-Term Capital Lease Obligation : €31.0 Mil (As of Sep. 2022)

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What is Horizon Global Long-Term Capital Lease Obligation?

Horizon Global's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was €31.0 Mil.

Horizon Global's quarterly Long-Term Capital Lease Obligation increased from Mar. 2022 (€31.1 Mil) to Jun. 2022 (€31.7 Mil) but then declined from Jun. 2022 (€31.7 Mil) to Sep. 2022 (€31.0 Mil).

Horizon Global's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (€43.3 Mil) to Dec. 2020 (€38.1 Mil) and declined from Dec. 2020 (€38.1 Mil) to Dec. 2021 (€31.8 Mil).

Horizon Global Long-Term Capital Lease Obligation Historical Data

The historical data trend for Horizon Global'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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Horizon Global Long-Term Capital Lease Obligation Chart

Horizon Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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43.26

38.09

31.80

Horizon Global Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															31.43	31.80	31.14	31.74	30.99

Horizon Global (FRA:2H6) 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.

Horizon Global Long-Term Capital Lease Obligation Related Terms

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Horizon Global (FRA:2H6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Horizon Global Corp (FRA:2H6) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

47912 Halyard Drive, Suite 100, Plymouth, MI, USA, 48170

Website

http://www.horizonglobal.com

Horizon Global Corp designs, manufactures and distributes towing, trailering, cargo management and related products for original equipment to aftermarket, automotive, and retail markets. It holds various brands including draw tite, hayman reese, reese, aqua clear, bulldog, fulton, harper, hidden hitch, highland, laitner, park side, pro series, reese towpower, rola, tekonsha, tow ready, trimotive americas and wesberg. The company's geographical segment includes Horizon Americas and Horizon Europe-Africa.

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