BasicNet SpA (MIL:BAN) Long-Term Capital Lease Obligation : €44.0 Mil (As of Jun. 2024)

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What is BasicNet SpA Long-Term Capital Lease Obligation?

BasicNet SpA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €44.0 Mil.

BasicNet SpA's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€31.7 Mil) to Dec. 2023 (€36.9 Mil) and increased from Dec. 2023 (€36.9 Mil) to Jun. 2024 (€44.0 Mil).

BasicNet SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€24.6 Mil) to Dec. 2022 (€31.0 Mil) and increased from Dec. 2022 (€31.0 Mil) to Dec. 2023 (€36.9 Mil).

BasicNet SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for BasicNet SpA'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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BasicNet SpA Long-Term Capital Lease Obligation Chart

BasicNet SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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19.94

23.78

24.56

30.99

36.86

BasicNet SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															33.50	30.99	31.72	36.86	44.00

BasicNet SpA (MIL:BAN) 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.

BasicNet SpA Long-Term Capital Lease Obligation Related Terms

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BasicNet SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » BasicNet SpA (MIL:BAN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0N6O:UK

Address

Largo Maurizio Vitale, 1, Torino, ITA, 10152

Website

http://www.basicnet.com

BasicNet SpA is an Italian company which is engaged in distribution and development of leisurewear and sportswear, footwear and accessories for various brands including Kappa, Robe di Kappa, Jesus Jeans, Lanzera, K-Way, Superga, AB Besson, Sabelt, and Briko. The company also develops service activities such as the creation of new software for the online management of all supply chain processes, product research, and development, communication and sourcing for the distribution of its products through a global network of independent licensees. Its business is divided into two segments namely Clothing, footwear and accessories, Property.

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