General de Alquiler de Maquinaria (LTS:0RTJ) Long-Term Capital Lease Obligation : €75.0 Mil (As of Jun. 2023)

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What is General de Alquiler de Maquinaria Long-Term Capital Lease Obligation?

General de Alquiler de Maquinaria's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €75.0 Mil.

General de Alquiler de Maquinaria's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (€57.5 Mil) to Dec. 2022 (€59.6 Mil) and increased from Dec. 2022 (€59.6 Mil) to Jun. 2023 (€75.0 Mil).

General de Alquiler de Maquinaria's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€37.9 Mil) to Dec. 2021 (€44.9 Mil) and increased from Dec. 2021 (€44.9 Mil) to Dec. 2022 (€59.6 Mil).

General de Alquiler de Maquinaria Long-Term Capital Lease Obligation Historical Data

The historical data trend for General de Alquiler de Maquinaria'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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General de Alquiler de Maquinaria Long-Term Capital Lease Obligation Chart

General de Alquiler de Maquinaria Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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6.52

34.55

37.87

44.91

59.64

General de Alquiler de Maquinaria Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															41.80	44.91	57.52	59.64	74.99

General de Alquiler de Maquinaria (LTS:0RTJ) 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.

General de Alquiler de Maquinaria Long-Term Capital Lease Obligation Related Terms

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General de Alquiler de Maquinaria (LTS:0RTJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » General de Alquiler de Maquinaria SA (LTS:0RTJ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

GAM:Spain 4LX:Germany

Address

Carretera Nacional II/INTA s/n, San Fernando de Henares, Madrid, ESP

Website

http://www.gamalquiler.es

General de Alquiler de Maquinaria SA is a machinery rental company. The company's rental fleet includes compactors, compressors, dumpers, electric machinery, platforms, cranes, scaffolds and transport vehicles, as well as auxiliary equipment and machinery used in the infrastructure, agricultural, port, construction, industrial and energy sectors. In addition, the company is involved in the sale of second-hand equipment.

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