Fincantieri SpA (MIL:FCT) Long-Term Capital Lease Obligation : €110 Mil (As of Dec. 2023)

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What is Fincantieri SpA Long-Term Capital Lease Obligation?

Fincantieri SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €110 Mil.

Fincantieri SpA's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€114 Mil) to Jun. 2023 (€110 Mil) and declined from Jun. 2023 (€110 Mil) to Dec. 2023 (€110 Mil).

Fincantieri SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€101 Mil) to Dec. 2022 (€114 Mil) but then declined from Dec. 2022 (€114 Mil) to Dec. 2023 (€110 Mil).

Fincantieri SpA Long-Term Capital Lease Obligation Historical Data

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

Fincantieri SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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76.65

72.18

101.25

114.25

109.81

Fincantieri SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															101.25	115.34	114.25	110.30	109.81

Fincantieri SpA (MIL:FCT) 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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Fincantieri SpA (MIL:FCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Fincantieri SpA (MIL:FCT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FNCNF:USA 0QWN:UK 1F8:Germany

Address

Via Genova No 1, Trieste, ITA, 34121

Website

https://www.fincantieri.com

Fincantieri SpA constructs cruise ships, ferries, naval vessels, and other ships. It has three segments: equipment, systems, and services; shipbuilding; and offshore. The company's high-technology equipment and systems for ships provide stabilization, directional control, and power generation. Moreover, product lifecycle management and training generate aftermarket sales. The offshore segment builds drillships and drilling rigs with capabilities to operate in water. The company operates in various countries spreading across four continents (Europe, North America, South America, and Asia). It is not dependent on any specific country, as Italy generates the most sales.