Encavis AG (LTS:0NBT) Long-Term Capital Lease Obligation : €207.5 Mil (As of Jun. 2024)

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What is Encavis AG Long-Term Capital Lease Obligation?

Encavis AG's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €207.5 Mil.

Encavis AG's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (€195.6 Mil) to Mar. 2024 (€203.7 Mil) and increased from Mar. 2024 (€203.7 Mil) to Jun. 2024 (€207.5 Mil).

Encavis AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€176.1 Mil) to Dec. 2022 (€187.7 Mil) and increased from Dec. 2022 (€187.7 Mil) to Dec. 2023 (€195.6 Mil).

Encavis AG Long-Term Capital Lease Obligation Historical Data

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

Encavis AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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178.09

181.72

176.07

187.68

195.57

Encavis AG Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															190.50	191.78	195.57	203.72	207.50

Encavis AG (LTS:0NBT) 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.

Encavis AG Long-Term Capital Lease Obligation Related Terms

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Encavis AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Encavis AG (LTS:0NBT) » Definitions » Long-Term Capital Lease Obligation

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ECV:Germany CAP:Austria

Address

Grosse Elbstrasse 59, Hamburg, DEU, 22767

Website

https://www.encavis.com

Encavis AG is an independent solar park operator. Principally, it is engaged in the business of acquisition and operation of solar parks and onshore wind parks. Its operating segments are Photovoltaic Parks, Photovoltaic Service, Wind Parks, Asset Management, and Administration, of which the majority of its revenue comes from the Photovoltaic Parks segment. The Photovoltaic Parks segment comprised more than 169 solar parks with a total generation capacity of more than 1.3 GW, with parks located in different countries. Its geographical segments are Denmark, Germany, France, United Kingdom, Ireland, Finland, Italy, Netherlands, Austria, France, Sweden, and Spain.

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