Ferrari NV (MEX:RACEN) Long-Term Capital Lease Obligation : MXN3,935 Mil (As of Mar. 2025)

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What is Ferrari NV Long-Term Capital Lease Obligation?

Ferrari NV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was MXN3,935 Mil.

Ferrari NV's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (MXN2,310 Mil) to Dec. 2024 (MXN2,758 Mil) and increased from Dec. 2024 (MXN2,758 Mil) to Mar. 2025 (MXN3,935 Mil).

Ferrari NV's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (MXN1,186 Mil) to Dec. 2023 (MXN1,352 Mil) and increased from Dec. 2023 (MXN1,352 Mil) to Dec. 2024 (MXN2,758 Mil).

Ferrari NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ferrari NV'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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Ferrari NV Long-Term Capital Lease Obligation Chart

Ferrari NV Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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1,507.39

1,302.93

1,185.93

1,352.15

2,757.54

Ferrari NV 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															1,749.79	2,036.25	2,309.78	2,757.54	3,935.43

Ferrari NV (MEX:RACEN) 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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Ferrari NV Business Description

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Address

Via Abetone Inferiore n. 4, Maranello, ITA, I-41053

Website

https://www.ferrari.com

Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2024, the company sold 13,752 vehicles at an average price over EUR 480,000 with more than 70% of its vehicles being sold to existing Ferrari clients. Eighty-six percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle activities. In 2024, the Europe, Middle East, and Africa region accounted for 47% of revenue, the Americas was 33%, mainland China, Hong Kong, and Taiwan was 8%, and the rest of Asia was 12%.

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