Sif Holding NV (XAMS:SIFG) Long-Term Capital Lease Obligation : €104.9 Mil (As of Jun. 2024)

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What is Sif Holding NV Long-Term Capital Lease Obligation?

Sif Holding NV's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €104.9 Mil.

Sif Holding NV's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€99.8 Mil) to Dec. 2023 (€102.9 Mil) and increased from Dec. 2023 (€102.9 Mil) to Jun. 2024 (€104.9 Mil).

Sif Holding NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€100.6 Mil) to Dec. 2022 (€99.0 Mil) but then increased from Dec. 2022 (€99.0 Mil) to Dec. 2023 (€102.9 Mil).

Sif Holding NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sif Holding NV'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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Sif Holding NV Long-Term Capital Lease Obligation Chart

Sif Holding NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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54.26

50.14

100.57

99.01

102.88

Sif Holding NV Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															101.39	99.01	99.75	102.88	104.88

Sif Holding NV (XAMS:SIFG) 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.

Sif Holding NV Long-Term Capital Lease Obligation Related Terms

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Sif Holding NV Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sif Holding NV (XAMS:SIFG) » Definitions » Long-Term Capital Lease Obligation

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0RHT:UK 276:Germany

Address

Mijnheerkensweg 33, P.O. Box 522, Roermond, NLD, 6040 AM

Website

https://www.sif-group.com

Sif Holding NV is engaged in the manufacturing of metal structures, parts of metal structures, pipes, pipe structures, components for the offshore industry, and foundation piles for offshore wind farms. The company's operating segment includes Wind; Marshalling and others. It generates maximum revenue from the Wind segment. The wind segment produces and delivers monopiles, transition pieces, or other foundation components for the offshore wind industry. The marshalling segment includes renting-out of the logistical area and facilities and the delivery of logistical services to customers, mainly in the off-shore wind industry. Geographically, it derives a majority of its revenue from the Netherlands.

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