Cairo Communication SpA (MIL:CAI) Long-Term Capital Lease Obligation : €157 Mil (As of Mar. 2024)

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What is Cairo Communication SpA Long-Term Capital Lease Obligation?

Cairo Communication SpA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €157 Mil.

Cairo Communication SpA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€151 Mil) to Dec. 2023 (€120 Mil) but then increased from Dec. 2023 (€120 Mil) to Mar. 2024 (€157 Mil).

Cairo Communication SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€155 Mil) to Dec. 2022 (€134 Mil) and declined from Dec. 2022 (€134 Mil) to Dec. 2023 (€120 Mil).

Cairo Communication SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cairo Communication 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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Cairo Communication SpA Long-Term Capital Lease Obligation Chart

Cairo Communication SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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175.30

152.10

154.90

133.60

120.00

Cairo Communication SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															157.30	126.70	150.50	120.00	156.60

Cairo Communication SpA (MIL:CAI) 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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Cairo Communication SpA (MIL:CAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cairo Communication SpA (MIL:CAI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

0N7I:UK CI1A:Germany

Address

Corso Magenta 55, Milan, ITA, 20123

Website

https://www.cairocommunication.it

Cairo Communication SpA is an Italian-based advertisement company. It is engaged in the business of media and publication. It carries out its activity through three communication platforms that include advertisement, publications, and the Internet. Publication activity is done by publishing periodicals, magazines, and books. It is a dealer for the sale of advertising space on various media platforms such as commercial television, paid digital television, print, and the Internet. It operates on the internet through its Trovatore search engine. Its segment includes magazine publishing Cairo Editore, advertising, TV publishing La7, network operator, and RCS.