Elis (FRA:7EL) Long-Term Capital Lease Obligation : €430 Mil (As of Dec. 2023)

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What is Elis Long-Term Capital Lease Obligation?

Elis's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €430 Mil.

Elis's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€390 Mil) to Jun. 2023 (€406 Mil) and increased from Jun. 2023 (€406 Mil) to Dec. 2023 (€430 Mil).

Elis's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€367 Mil) to Dec. 2022 (€390 Mil) and increased from Dec. 2022 (€390 Mil) to Dec. 2023 (€430 Mil).

Elis Long-Term Capital Lease Obligation Historical Data

The historical data trend for Elis'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.

* Premium members only.

Elis Long-Term Capital Lease Obligation Chart

Elis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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343.70

368.30

367.20

390.30

430.00

Elis Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															367.20	368.10	390.30	406.20	430.00

Elis (FRA:7EL) 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.

Elis Long-Term Capital Lease Obligation Related Terms

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Elis (FRA:7EL) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Elis SA (FRA:7EL) » Definitions » Long-Term Capital Lease Obligation

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ELISp:UK 0RA8:UK ELIS:France

Address

5, Boulevard Louis Loucheur, Saint-Cloud, Paris, FRA, 92210

Website

https://www.ie.elis.com

Elis SA provides multiservice solutions to various end markets including the hospitality, healthcare, and commerce industries. The company's products and services include providing flat linen, workwear, hygiene products, and well-being services. The company operates in various countries across Europe and Latin America, with a majority of revenue stemming from France.

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