FRVWY (Friedrich Vorwerk Group SE) Long-Term Capital Lease Obligation : $2.3 Mil (As of Dec. 2024)

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What is Friedrich Vorwerk Group SE Long-Term Capital Lease Obligation?

Friedrich Vorwerk Group SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $2.3 Mil.

Friedrich Vorwerk Group SE's quarterly Long-Term Capital Lease Obligation increased from Jun. 2024 ($1.6 Mil) to Sep. 2024 ($1.7 Mil) and increased from Sep. 2024 ($1.7 Mil) to Dec. 2024 ($2.3 Mil).

Friedrich Vorwerk Group SE's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($2.8 Mil) to Dec. 2023 ($1.5 Mil) but then increased from Dec. 2023 ($1.5 Mil) to Dec. 2024 ($2.3 Mil).

Friedrich Vorwerk Group SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for Friedrich Vorwerk Group SE'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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Friedrich Vorwerk Group SE Long-Term Capital Lease Obligation Chart

Friedrich Vorwerk Group SE Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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5.12

6.76

2.80

1.49

2.29

Friedrich Vorwerk Group SE Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.49	1.25	1.59	1.69	2.29

Friedrich Vorwerk Group SE (OTCPK:FRVWY) 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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Friedrich Vorwerk Group SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Friedrich Vorwerk Group SE (OTCPK:FRVWY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FDVWF:USA VH2d:UK VH2:Germany

Address

Harburger Strabe19, Tostedt, DEU, 21255

Website

https://www.friedrich-vorwerk.de

Friedrich Vorwerk Group SE is a driver of the European energy transition. It has four segments Natural Gas segment, which is the key revenue driver, comprises the transport and conversion of raw natural gas into treated natural gas, the electricity segment provides infrastructure for the underground transport and conversion of electricity, which is generated from non-fossil energy sources such as wind, solar, hydro, and regenerative resources, Clean Hydrogen segment comprises the conversion of energy from energy sources into clean hydrogen and its transportation to consumers, Adjacent Opportunities segment concentrates on the related turnkey technologies, and the majority of its revenue comes from Adjacent Opportunities.

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