GSEFF (Covivio) Long-Term Capital Lease Obligation : $333 Mil (As of Jun. 2024)

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What is Covivio Long-Term Capital Lease Obligation?

Covivio's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $333 Mil.

Covivio's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($326 Mil) to Dec. 2023 ($333 Mil) and increased from Dec. 2023 ($333 Mil) to Jun. 2024 ($333 Mil).

Covivio's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($334 Mil) to Dec. 2022 ($316 Mil) but then increased from Dec. 2022 ($316 Mil) to Dec. 2023 ($333 Mil).

Covivio Long-Term Capital Lease Obligation Historical Data

The historical data trend for Covivio'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.

Covivio Long-Term Capital Lease Obligation Chart

Covivio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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283.66

342.61

333.97

315.90

332.65

Covivio Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															308.51	315.90	326.44	332.65	333.04

Covivio (OTCPK:GSEFF) 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.

Covivio Long-Term Capital Lease Obligation Related Terms

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Covivio Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Covivio SA (OTCPK:GSEFF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FNCDY:USA COVp:UK 0J6V:UK COV:France F5D:Germany F5D:Germany

Address

18 Avenue Francois Mitterrand, Metz, FRA, 57000

Website

https://www.covivio.eu

Covivio SA is a French real estate investment trust involved in the ownership of properties mainly in France, Italy, and Germany. The majority of the properties in the company's real estate portfolio are office buildings located in Paris and Milan. German residential properties also represent a significant percentage of its total assets. Fonciere des Regions derives nearly all of its revenue in the form of rental income from the ownership and maintenance of its portfolio of properties. French offices generate the majority revenue for the company, while Italian office buildings and German residential buildings in Berlin, Hamburg, and Dresden also contribute sizable income streams.