Controladora NemakB De CV (MEX:NMKA) Long-Term Capital Lease Obligation : MXN1,019 Mil (As of Sep. 2021)

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What is Controladora NemakB De CV Long-Term Capital Lease Obligation?

Controladora NemakB De CV's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2021 was MXN1,019 Mil.

Controladora NemakB De CV's quarterly Long-Term Capital Lease Obligation increased from Mar. 2021 (MXN967 Mil) to Jun. 2021 (MXN1,178 Mil) but then declined from Jun. 2021 (MXN1,178 Mil) to Sep. 2021 (MXN1,019 Mil).

Controladora NemakB De CV's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 (MXN0 Mil) to Dec. 2018 (MXN0 Mil) but then increased from Dec. 2018 (MXN0 Mil) to Dec. 2019 (MXN1,481 Mil).

Controladora NemakB De CV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Controladora NemakB De CV'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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Controladora NemakB De CV Long-Term Capital Lease Obligation Chart

Controladora NemakB De CV Annual Data

Trend

Dec17

Dec18

Dec19

Long-Term Capital Lease Obligation

1,481.00

Controladora NemakB De CV Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					-	1,662.00	967.15	1,178.14	1,019.34

Controladora NemakB De CV (MEX:NMKA) 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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Controladora NemakB De CV (MEX:NMKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Controladora Nemak SAB De CV (MEX:NMKA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Librameinto Arco Vial Km 3.8, Garcia, NL, MEX, 66000

Website

https://www.nemak.com

Controladora Nemak SAB De CV manufactures and markets lightweighting solutions for the Automotive industry. The company specializes in the development of aluminum components for powertrain and body structure applications. The product portfolio includes cylinder heads, engine blocks, transmission cases, shock towers, subframes, battery housings, and other products.

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