Stevanato Group SPA (Stevanato Group SPA) Long-Term Capital Lease Obligation : $14 Mil (As of Dec. 2023)

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What is Stevanato Group SPA Long-Term Capital Lease Obligation?

Stevanato Group SPA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14 Mil.

Stevanato Group SPA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($14 Mil) to Sep. 2023 ($13 Mil) but then increased from Sep. 2023 ($13 Mil) to Dec. 2023 ($14 Mil).

Stevanato Group SPA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($20 Mil) to Dec. 2022 ($16 Mil) and declined from Dec. 2022 ($16 Mil) to Dec. 2023 ($14 Mil).

Stevanato Group SPA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Stevanato 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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Stevanato Group SPA Long-Term Capital Lease Obligation Chart

Stevanato Group SPA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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23.62

24.56

19.86

15.53

14.29

Stevanato Group SPA Quarterly Data
	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												15.53	14.71	14.00	13.38	14.29

Stevanato Group SPA (NYSE:STVN) 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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Stevanato Group SPA (Stevanato Group SPA) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Stevanato Group SPA (NYSE:STVN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

87N:Germany

Address

Via Molinella 17, Piombino Dese, Padua, ITA, 35017

Website

https://www.stevanatogroup.com

Stevanato Group SPA is a provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries. It delivers an integrated, end-to-end portfolio of products, processes, and services that address customer needs across the entire drug life cycle including development, clinical, and commercial stages. Stevanato's revenue is geographically diversified, with 60% of sales from Europe, the Middle East and Africa (EMEA), 27% in North America, 10% in Asia-Pacific (APAC), and 3% from South America. It has two segments Biopharmaceutical and Diagnostic Solutions and Engineering.