Sicily By Car SpA (FRA:5LC) Long-Term Capital Lease Obligation : €0.0 Mil (As of Dec. 2023)

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What is Sicily By Car SpA Long-Term Capital Lease Obligation?

Sicily By Car SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.0 Mil.

Sicily By Car SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sicily By Car SpA'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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Sicily By Car SpA Long-Term Capital Lease Obligation Chart

Sicily By Car SpA Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Sicily By Car SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	-	-	-	-

Sicily By Car SpA (FRA:5LC) 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.

Sicily By Car SpA Long-Term Capital Lease Obligation Related Terms

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Sicily By Car SpA (FRA:5LC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sicily By Car SpA (FRA:5LC) » Definitions » Long-Term Capital Lease Obligation

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SBC:Italy

Address

Via Galileo Galilei, 10H, Bolzano, ITA, 39100

Website

https://www.sicilybycar.it

Sicily By Car SpA operates in the Italian short-term rental market with 55 rental offices directly located at the main Italian airports and cities. The company allows to choose among: Private hire (cheap, compact, medium, standard, convertible, estate and 9-seater cars), Commercial vehicles, Electric car rentals, Boat rental.

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