Vincenzo Zucchi SPA (MIL:ZUC) Long-Term Capital Lease Obligation : €25.0 Mil (As of Sep. 2023)

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What is Vincenzo Zucchi SPA Long-Term Capital Lease Obligation?

Vincenzo Zucchi SPA's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €25.0 Mil.

Vincenzo Zucchi SPA's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (€27.3 Mil) to Jun. 2023 (€27.1 Mil) and declined from Jun. 2023 (€27.1 Mil) to Sep. 2023 (€25.0 Mil).

Vincenzo Zucchi SPA's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€19.6 Mil) to Dec. 2021 (€23.7 Mil) and increased from Dec. 2021 (€23.7 Mil) to Dec. 2022 (€28.7 Mil).

Vincenzo Zucchi SPA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vincenzo Zucchi 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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Vincenzo Zucchi SPA Long-Term Capital Lease Obligation Chart

Vincenzo Zucchi SPA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.57

19.57

23.70

28.66

24.79

Vincenzo Zucchi SPA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															28.66	27.26	27.09	25.00	24.79

Vincenzo Zucchi SPA (MIL:ZUC) 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.

Vincenzo Zucchi SPA Long-Term Capital Lease Obligation Related Terms

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Vincenzo Zucchi SPA (MIL:ZUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vincenzo Zucchi SPA (MIL:ZUC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Via Legnano, 24, Rescaldina, Milan, ITA, 20027

Website

http://www.gruppozucchi.it

Vincenzo Zucchi SPA is an Italy-based company and through its subsidiaries is engaged in the manufacturing and marketing of household items. The company offers products for the bedroom, furniture, bathroom, Beach, kitchen, and table.

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