Jungheinrich AG (Jungheinrich AG) Long-Term Capital Lease Obligation : $200 Mil (As of Dec. 2023)

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What is Jungheinrich AG Long-Term Capital Lease Obligation?

Jungheinrich AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $200 Mil.

Jungheinrich AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 ($166 Mil) to Jun. 2023 ($0 Mil) but then increased from Jun. 2023 ($0 Mil) to Dec. 2023 ($200 Mil).

Jungheinrich AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($174 Mil) to Dec. 2022 ($166 Mil) but then increased from Dec. 2022 ($166 Mil) to Dec. 2023 ($200 Mil).

Jungheinrich AG Long-Term Capital Lease Obligation Historical Data

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

Jungheinrich AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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264.86

284.32

174.46

165.60

200.30

Jungheinrich 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															174.46	-	165.60	-	200.30

Jungheinrich AG (OTCPK:JGHAF) 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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Jungheinrich AG (Jungheinrich AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jungheinrich AG (OTCPK:JGHAF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0EXP:UK JUN3:Germany JUN3:Austria

Address

Friedrich-Ebert-Damm 129, Hamburg, DEU, 22047

Website

https://www.jungheinrich.com

Jungheinrich is Europe's second-largest forklift manufacturer with a niche carved out in the retail and wholesale segment, including a stronghold in supermarkets. The company was founded in 1953 by Friedrich Jungheinrich, and control of Jungheinrich remains in his descendants' hands through special voting shares. Globally, Jungheinrich ranks number four behind Toyota and Kion Group, but nearly 90% of its sales comes from Europe, which still accounts for more than 30% of global forklift industry production.

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