TIIAY (Telecom Italia SpA) Long-Term Capital Lease Obligation : $2,720 Mil (As of Sep. 2024)

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What is Telecom Italia SpA Long-Term Capital Lease Obligation?

Telecom Italia SpA's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,720 Mil.

Telecom Italia SpA's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($5,072 Mil) to Jun. 2024 ($2,757 Mil) and declined from Jun. 2024 ($2,757 Mil) to Sep. 2024 ($2,720 Mil).

Telecom Italia SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($4,592 Mil) to Dec. 2022 ($4,870 Mil) and increased from Dec. 2022 ($4,870 Mil) to Dec. 2023 ($5,172 Mil).

Telecom Italia SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Telecom Italia 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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Telecom Italia SpA Long-Term Capital Lease Obligation Chart

Telecom Italia SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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5,084.44

5,108.27

4,592.09

4,869.70

5,172.30

Telecom Italia SpA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4,881.54	5,172.30	5,071.74	2,756.73	2,720.31

Telecom Italia SpA (OTCPK:TIIAY) 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.

Telecom Italia SpA Long-Term Capital Lease Obligation Related Terms

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Telecom Italia SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telecom Italia SpA (OTCPK:TIIAY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TIAOF:USA TIAIY:USA TITR:Italy TIT:Italy TITm:UK 0H6I:UK 0GA3:UK TQIR:Germany TITR:Austria TIT:Austria

Address

Corso D\'Italia, 41, Roma, ITA, 00198

Website

https://www.telecomitalia.com

Telecom Italia is the incumbent telecommunications operator in Italy with more than 30% share in the Italian mobile market and 40% share in broadband. In the mobile market, it competes with Vodafone, Wind Tre, and Iliad. After the sale of its fixed network to KKR for EUR 18.8 billion, TIM will become a pure service provider. TIM also has a 20% wireless market share in Brazil and has started building a broadband network in the country, although its reach is very small compared with competitors Telefonica and America Movil.