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Gismondi 1754 SpA (MIL:GIS) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2024)


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What is Gismondi 1754 SpA Long-Term Capital Lease Obligation?

Gismondi 1754 SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was €0.00 Mil.


Gismondi 1754 SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gismondi 1754 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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Gismondi 1754 SpA Long-Term Capital Lease Obligation Chart

Gismondi 1754 SpA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
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Gismondi 1754 SpA Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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Gismondi 1754 SpA  (MIL:GIS) 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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Gismondi 1754 SpA Business Description

Traded in Other Exchanges
N/A
Address
Via San Vincenzo 51/1, Genoa, ITA, 16121
Gismondi 1754 SpA is engaged in the creation, production, and marketing of jewelry. The company manufactures rings, necklaces, earrings, pendants, and other jewelry products. Its products are sold under the following brands; Essenza, Noi, Aura, Vela, Genesi, Clip, and Prato Fiorito.