Iren SpA (MIL:IRE) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Iren SpA Long-Term Capital Lease Obligation?

Iren SpA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Iren SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€30 Mil) to Dec. 2022 (€0 Mil) but then stayed the same from Dec. 2022 (€0 Mil) to Dec. 2023 (€0 Mil).

Iren SpA Long-Term Capital Lease Obligation Historical Data

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

Iren SpA Annual Data

Trend

Dec14

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Dec20

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Dec23

Long-Term Capital Lease Obligation

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28.89

29.82

Iren 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															-	-	-	-	-

Iren SpA (MIL:IRE) 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.

Iren SpA Long-Term Capital Lease Obligation Related Terms

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Iren SpA (MIL:IRE) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Iren SpA (MIL:IRE) » Definitions » Long-Term Capital Lease Obligation

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IRDEF:USA IREm:UK 0MUN:UK TZ8:Germany

Address

Via Nubi di Magellano, 30, Reggio Emilia, ITA, 42123

Website

https://www.gruppoiren.it

Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.

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