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NVP SpA (MIL:NVP) Long-Term Capital Lease Obligation : €2.13 Mil (As of Dec. 2023)


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What is NVP SpA Long-Term Capital Lease Obligation?

NVP SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2.13 Mil.

NVP SpA's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€1.81 Mil) to Jun. 2023 (€0.00 Mil) but then increased from Jun. 2023 (€0.00 Mil) to Dec. 2023 (€2.13 Mil).

NVP SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2.56 Mil) to Dec. 2022 (€1.81 Mil) but then increased from Dec. 2022 (€1.81 Mil) to Dec. 2023 (€2.13 Mil).


NVP SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for NVP 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.

* Premium members only.

NVP SpA Long-Term Capital Lease Obligation Chart

NVP SpA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - 2.54 2.56 1.81 2.13

NVP SpA Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.56 1.96 1.81 - 2.13

NVP SpA  (MIL:NVP) 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.

NVP SpA Long-Term Capital Lease Obligation Related Terms

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NVP SpA (MIL:NVP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Via Gebbia Grande 1 / B, San Piero Patti, Messina, ITA
NVP SpA is a provider of video production for television networks and for owners or managers of television rights. The company designs and develops high-tech mobile direction of television events, sports, entertainment, concerts and shows.

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