Cooper-Standard Holdings (FRA:C31) Long-Term Capital Lease Obligation : €73 Mil (As of Mar. 2024)

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What is Cooper-Standard Holdings Long-Term Capital Lease Obligation?

Cooper-Standard Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €73 Mil.

Cooper-Standard Holdings's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€66 Mil) to Dec. 2023 (€70 Mil) and increased from Dec. 2023 (€70 Mil) to Mar. 2024 (€73 Mil).

Cooper-Standard Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€82 Mil) to Dec. 2022 (€73 Mil) and declined from Dec. 2022 (€73 Mil) to Dec. 2023 (€70 Mil).

Cooper-Standard Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cooper-Standard Holdings'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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Cooper-Standard Holdings Long-Term Capital Lease Obligation Chart

Cooper-Standard Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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54.21

74.41

82.09

73.27

70.13

Cooper-Standard Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															70.60	66.60	65.81	70.13	73.01

Cooper-Standard Holdings (FRA:C31) 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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Cooper-Standard Holdings (FRA:C31) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cooper-Standard Holdings Inc (FRA:C31) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

CPS:USA

Address

40300 Traditions Drive, Northville, MI, USA, 48168

Website

https://www.cooperstandard.com

Cooper-Standard Holdings Inc is a supplier of rubber and resin products for the automotive industry. The company produces rubber and plastic sealings, fuel and brake lines, fluid transfer hoses, and anti-vibration systems used by original equipment manufacturers and replacement markets for passenger vehicles and light trucks. The largest customers include Ford, GM, FCA, Peugeot Citroen, and Volkswagen. Cooper Standard generates the majority of its revenue with its sealing systems products such as Fortrex, dynamic and static seals, stainless steel trims, flush glass systems, and variable extrusions.

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