Sixt SE (WBO:SIXT) Long-Term Capital Lease Obligation : €0 Mil (As of Sep. 2024)

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What is Sixt SE Long-Term Capital Lease Obligation?

Sixt SE's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0 Mil.

Sixt SE's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (€0 Mil) to Jun. 2024 (€579 Mil) but then declined from Jun. 2024 (€579 Mil) to Sep. 2024 (€0 Mil).

Sixt SE's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€274 Mil) to Dec. 2022 (€369 Mil) and increased from Dec. 2022 (€369 Mil) to Dec. 2023 (€490 Mil).

Sixt SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sixt SE'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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Sixt SE Long-Term Capital Lease Obligation Chart

Sixt SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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314.79

280.89

274.20

369.41

489.51

Sixt SE 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															-	489.51	-	578.94	-

Sixt SE (WBO:SIXT) 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.

Sixt SE Long-Term Capital Lease Obligation Related Terms

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Sixt SE Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sixt SE (WBO:SIXT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SIXGF:USA 1SIX:Italy SIX2d:UK 0NW8:UK 0NW7:UK SIX2:Germany SIX2:Austria

Address

Zugspitzstrasse 1, Pullach, BY, DEU, 82049

Website

https://www.sixt.com

Sixt SE provides automotive rental services mainly across Europe and the US. The company offers rental solutions from passenger vehicles, including sports utilities vehicles, electric vehicles, and luxury sports cars to vans and trucks. With its products SIXT rent, SIXT share, SIXT ride, and others, the company offers mobility services in the areas of car rental, car sharing, ride services, and car subscriptions. These products can be booked via a single app that also integrates the services of mobility partners.

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