Italian Sea Group (FRA:6QN) Long-Term Capital Lease Obligation : €12.2 Mil (As of Jun. 2024)

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What is Italian Sea Group Long-Term Capital Lease Obligation?

Italian Sea Group's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €12.2 Mil.

Italian Sea Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€8.7 Mil) to Dec. 2023 (€7.5 Mil) but then increased from Dec. 2023 (€7.5 Mil) to Jun. 2024 (€12.2 Mil).

Italian Sea Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€7.5 Mil) to Dec. 2022 (€9.9 Mil) but then declined from Dec. 2022 (€9.9 Mil) to Dec. 2023 (€7.5 Mil).

Italian Sea Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Italian Sea Group'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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Italian Sea Group Long-Term Capital Lease Obligation Chart

Italian Sea Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.56

7.52

9.91

7.46

Italian Sea Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						9.40	9.91	8.70	7.46	12.17

Italian Sea Group (FRA:6QN) 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.

Italian Sea Group Long-Term Capital Lease Obligation Related Terms

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Italian Sea Group Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Italian Sea Group (FRA:6QN) » Definitions » Long-Term Capital Lease Obligation

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TISG:Italy TISGm:UK

Address

Viale Cristoforo Colombo, 4Bis, Marina di Carrara, ITA, 54033

Website

https://www.theitalianseagroup.com

Italian Sea Group is engaged in designing, manufacturing, and sales of custom-made luxury superyachts. It is active in the construction and refit of motor yachts and sailing yachts up to 140 meters and operates in the new building market under the Admiral, Tecnomar, Perini Navi, and Picchiotti brands, and is active in the large refit business under the NCA Refit brand. Geographically, the company generates revenue from the Americas, Europe, and Asia-Pacific region.

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