Nexteer Automotive Group (FRA:8NX) Long-Term Capital Lease Obligation : €34 Mil (As of Dec. 2023)

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What is Nexteer Automotive Group Long-Term Capital Lease Obligation?

Nexteer Automotive Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €34 Mil.

Nexteer Automotive Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€46 Mil) to Jun. 2023 (€40 Mil) and declined from Jun. 2023 (€40 Mil) to Dec. 2023 (€34 Mil).

Nexteer Automotive Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€44 Mil) to Dec. 2022 (€46 Mil) but then declined from Dec. 2022 (€46 Mil) to Dec. 2023 (€34 Mil).

Nexteer Automotive Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nexteer Automotive 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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Nexteer Automotive Group Long-Term Capital Lease Obligation Chart

Nexteer Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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44.44

36.03

44.23

45.67

34.02

Nexteer Automotive Group 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															44.23	43.84	45.67	39.82	34.02

Nexteer Automotive Group (FRA:8NX) 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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Nexteer Automotive Group (FRA:8NX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexteer Automotive Group Ltd (FRA:8NX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NTXVF:USA 01316:Hong Kong

Address

1272 Doris Road, Auburn Hills, MI, USA, 48326

Website

https://www.nexteer.com

Nexteer Automotive Group Ltd offers advanced steering and driveline systems. The company's customers are well-known automakers like BMW, Fiat Chrysler, Ford, GM, and Toyota, as well as automakers in India, South America, and China. The business units are electric power steering, hydraulic power steering, steering columns, driveline, and half shafts. The electric power steering includes columns, an intermediate shaft, and steering gear, EPS motors, sensors, controllers, and assist mechanisms. The Group classifies its businesses into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa and South America (EMEASA). All of the Group's operating segments typically offer the same steering and driveline products, the majority are derived from North America.

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