SAFLF (Safilo Group SpA) Long-Term Capital Lease Obligation : $31 Mil (As of Jun. 2024)

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What is Safilo Group SpA Long-Term Capital Lease Obligation?

Safilo Group SpA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $31 Mil.

Safilo Group SpA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($34 Mil) to Dec. 2023 ($32 Mil) and declined from Dec. 2023 ($32 Mil) to Jun. 2024 ($31 Mil).

Safilo Group SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($37 Mil) to Dec. 2022 ($37 Mil) and declined from Dec. 2022 ($37 Mil) to Dec. 2023 ($32 Mil).

Safilo Group SpA Long-Term Capital Lease Obligation Historical Data

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

Safilo Group SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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41.47

40.76

37.19

36.79

32.02

Safilo Group SpA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															35.59	36.79	34.37	32.02	31.03

Safilo Group SpA (OTCPK:SAFLF) 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.

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Safilo Group SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Safilo Group SpA (OTCPK:SAFLF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SFL:Italy 0NJ5:UK

Address

Settima Strada, 15, Padua, ITA, 35129

Website

https://www.safilogroup.com

Safilo Group SpA makes sunglasses and prescription eyewear. It is engaged in design, production, and wholesale distribution of its products through a network of independent distributors and commercial subsidiaries. Its products are sold through the Carrera, Smith, Polaroid and Oxydo brands, as well as a range of other licensed brands. The company operates solely through the wholesale segment channels and divides itself into the following four geographical segments: Italy, Europe, America, and Asia. The company earns most of its revenue from the America business segment.