Manitowoc Co (STU:MNGN) Long-Term Capital Lease Obligation : €43 Mil (As of Mar. 2024)

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What is Manitowoc Co Long-Term Capital Lease Obligation?

Manitowoc Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €43 Mil.

Manitowoc Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€33 Mil) to Dec. 2023 (€43 Mil) but then declined from Dec. 2023 (€43 Mil) to Mar. 2024 (€43 Mil).

Manitowoc Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€26 Mil) to Dec. 2022 (€32 Mil) and increased from Dec. 2022 (€32 Mil) to Dec. 2023 (€43 Mil).

Manitowoc Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Manitowoc Co'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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Manitowoc Co Long-Term Capital Lease Obligation Chart

Manitowoc Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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33.84

23.35

25.84

32.38

43.28

Manitowoc Co 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															30.64	29.35	33.45	43.28	42.87

Manitowoc Co (STU:MNGN) 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.

Manitowoc Co Long-Term Capital Lease Obligation Related Terms

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Manitowoc Co (STU:MNGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Manitowoc Co Inc (STU:MNGN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

MTW:USA

Address

11270 West Park Place, Suite 1000, Milwaukee, WI, USA, 53224

Website

https://www.manitowoc.com

Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment provides the largest revenue stream to the firm.

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