Industrie Chimiche Forestali SpA (MIL:ICF) Long-Term Capital Lease Obligation : €7.46 Mil (As of Dec. 2023)

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What is Industrie Chimiche Forestali SpA Long-Term Capital Lease Obligation?

Industrie Chimiche Forestali SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.46 Mil.

Industrie Chimiche Forestali SpA's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€5.20 Mil) to Jun. 2023 (€7.46 Mil) but then declined from Jun. 2023 (€7.46 Mil) to Dec. 2023 (€7.46 Mil).

Industrie Chimiche Forestali SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€5.83 Mil) to Dec. 2022 (€5.20 Mil) but then increased from Dec. 2022 (€5.20 Mil) to Dec. 2023 (€7.46 Mil).

Industrie Chimiche Forestali SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Industrie Chimiche Forestali 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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Industrie Chimiche Forestali SpA Long-Term Capital Lease Obligation Chart

Industrie Chimiche Forestali SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.68

6.45

5.83

5.20

7.46

Industrie Chimiche Forestali SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					5.83	5.46	5.20	7.46	7.46

Industrie Chimiche Forestali SpA (MIL:ICF) 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.

Industrie Chimiche Forestali SpA Long-Term Capital Lease Obligation Related Terms

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Industrie Chimiche Forestali SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie Chimiche Forestali SpA (MIL:ICF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fratelli Kennedy, 75, Marcallo con Casone, Milano, ITA, 20010

Website

https://www.forestali.it

Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.