Pirelli & C SpA (Pirelli & C SpA) Long-Term Capital Lease Obligation : $418 Mil (As of Dec. 2023)

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What is Pirelli & C SpA Long-Term Capital Lease Obligation?

Pirelli & C SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $418 Mil.

Pirelli & C SpA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($419 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($418 Mil).

Pirelli & C SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($466 Mil) to Dec. 2022 ($420 Mil) and declined from Dec. 2022 ($420 Mil) to Dec. 2023 ($418 Mil).

Pirelli & C SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pirelli & C 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.

Pirelli & C SpA Long-Term Capital Lease Obligation Chart

Pirelli & C SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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450.42

475.00

466.44

420.02

418.09

Pirelli & C 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															-	418.51	-	418.09	-

Pirelli & C SpA (OTCPK:PLLIF) 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.

Pirelli & C SpA Long-Term Capital Lease Obligation Related Terms

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Pirelli & C SpA (Pirelli & C SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pirelli & C SpA (OTCPK:PLLIF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PIRC:Italy PIRCm:UK 0P1R:UK 2PI:Germany

Address

Viale Piero e Alberto Pirelli n. 25, Milan, ITA, 20126

Website

https://www.pirelli.com

Pirelli & C SpA designs develop, manufactures, and markets tires - for motor vehicles, industrial vehicles, and motorcycles. The company is focused on Prestige and Premium segments. Geographically it derives the majority revenue from Europe and Turkey.

Pirelli & C SpA (Pirelli & C SpA) Headlines

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