Sulzer AG (FRA:SUL1) Long-Term Capital Lease Obligation : €73 Mil (As of Dec. 2023)

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What is Sulzer AG Long-Term Capital Lease Obligation?

Sulzer AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €73 Mil.

Sulzer AG's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€68 Mil) to Jun. 2023 (€70 Mil) and increased from Jun. 2023 (€70 Mil) to Dec. 2023 (€73 Mil).

Sulzer AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€62 Mil) to Dec. 2022 (€68 Mil) and increased from Dec. 2022 (€68 Mil) to Dec. 2023 (€73 Mil).

Sulzer AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sulzer AG'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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Sulzer AG Long-Term Capital Lease Obligation Chart

Sulzer AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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75.38

83.46

61.98

68.09

73.17

Sulzer AG 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															61.98	53.24	68.09	70.42	73.17

Sulzer AG (FRA:SUL1) 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.

Sulzer AG Long-Term Capital Lease Obligation Related Terms

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Sulzer AG (FRA:SUL1) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sulzer AG (FRA:SUL1) » Definitions » Long-Term Capital Lease Obligation

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SUNz:UK 0QQ9:UK SUN:Switzerland

Address

Neuwiesenstrasse 15, Winterthur, CHE, 8401

Website

https://www.sulzer.com

Sulzer AG specializes in pumping solutions, rotating equipment maintenance, and mixing technology. It serves customers operating in the oil and gas, power, and water markets. Pumping solutions focus on transporting and processing oil and derivatives, treating water, and renewable power generation. In addition, the company offers solutions for turbines, compressors, motors, and other rotating components and has technicians to provide maintenance. Sulzer's business segments include Flow Equipment, Services, Chemtech, and Others which primarily serve across the globe. While most of its revenues are generated from its Flow equipment and Services segment.

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