PPG Industries (WBO:PPG) Long-Term Capital Lease Obligation : €537 Mil (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is PPG Industries Long-Term Capital Lease Obligation?

PPG Industries's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €537 Mil.

PPG Industries's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (€552 Mil) to Jun. 2024 (€561 Mil) but then declined from Jun. 2024 (€561 Mil) to Sep. 2024 (€537 Mil).

PPG Industries's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€613 Mil) to Dec. 2022 (€600 Mil) and declined from Dec. 2022 (€600 Mil) to Dec. 2023 (€570 Mil).

PPG Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for PPG Industries'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.

PPG Industries Long-Term Capital Lease Obligation Chart

PPG Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

559.80

556.49

613.31

600.38

570.37

PPG Industries 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															582.81	570.37	552.00	561.12	537.00

PPG Industries (WBO:PPG) 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.

PPG Industries Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of PPG Industries's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

PPG Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PPG Industries Inc (WBO:PPG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PPG:USA PPG:Mexico 0KEI:UK PPQ:Germany

Address

One PPG Place, Pittsburgh, PA, USA, 15272

Website

https://www.ppg.com

PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.