GTX (Garrett Motion) Long-Term Capital Lease Obligation : $41 Mil (As of Mar. 2025)

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What is Garrett Motion Long-Term Capital Lease Obligation?

Garrett Motion's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was $41 Mil.

Garrett Motion's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 ($39 Mil) to Dec. 2024 ($42 Mil) but then declined from Dec. 2024 ($42 Mil) to Mar. 2025 ($41 Mil).

Garrett Motion's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($36 Mil) to Dec. 2023 ($33 Mil) but then increased from Dec. 2023 ($33 Mil) to Dec. 2024 ($42 Mil).

Garrett Motion Long-Term Capital Lease Obligation Historical Data

The historical data trend for Garrett Motion'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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Garrett Motion Long-Term Capital Lease Obligation Chart

Garrett Motion Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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15.00

42.00

36.00

33.00

42.00

Garrett Motion Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															35.00	37.00	39.00	42.00	41.00

Garrett Motion (NAS:GTX) 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.

Garrett Motion Long-Term Capital Lease Obligation Related Terms

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Garrett Motion Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Garrett Motion Inc (NAS:GTX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GTX:Mexico G02:Germany

Address

La Piece 16, Rolle, CHE, 1180

Website

https://www.garrettmotion.com

Garrett Motion Inc designs, manufactures and sells engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs). The company is a technology leader with expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the aftermarket through its distribution network. The company derives maximum of its revenue from Gas and geographically from Europe.

Executives

Cyrus Capital Partners, L.p.	10 percent owner	65 EAST 55 STREET, 35TH FLOOR, NEW YORK NY 10022
Centerbridge Special Credit Partners Iii-flex, L.p.	10 percent owner	375 PARK AVENUE, 12TH AVENUE, NEW YORK NY 10152
Thierry Mabru	officer: SVP, Integrated Supply Chain	LA PIECE 16, ROLLE V8 1180
Julia Steyn	director	C/O GARRETT MOTION INC., LA PIECE 16, ROLLE V8 1180
Sessa Capital Gp, Llc	other: Member of 10% owner group	888 SEVENTH AVENUE, 30TH FLOOR, NEW YORK NY 10019
Pierre Barthelet	officer: SVP, Marketing & Prod Mgmt	C/O GARRETT MOTION INC., LA PIECE 16, ROLLE V8 1180
Baupost Group Llc/ma	10 percent owner	10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116
Cscp Iii Cayman Gp Ltd.	10 percent owner	375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Baupost Group Gp, L.l.c.	10 percent owner	10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116
Seth A Klarman	10 percent owner	10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116
Centerbridge Credit Cayman Gp, Ltd.	10 percent owner	C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Master, L.p.	10 percent owner	375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners Offshore General Partner, L.p.	10 percent owner	375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Ccp Iii Cayman Gp Ltd.	10 percent owner	C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Special Credit Partners General Partner Iii, L.p.	10 percent owner	375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152