Tessenderlo Group NV (XBRU:TESB) Long-Term Capital Lease Obligation : €40 Mil (As of Dec. 2023)

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What is Tessenderlo Group NV Long-Term Capital Lease Obligation?

Tessenderlo Group NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €40 Mil.

Tessenderlo Group NV's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€35 Mil) to Jun. 2023 (€38 Mil) and increased from Jun. 2023 (€38 Mil) to Dec. 2023 (€40 Mil).

Tessenderlo Group NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€37 Mil) to Dec. 2022 (€35 Mil) but then increased from Dec. 2022 (€35 Mil) to Dec. 2023 (€40 Mil).

Tessenderlo Group NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tessenderlo Group 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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Tessenderlo Group NV Long-Term Capital Lease Obligation Chart

Tessenderlo Group NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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42.60

35.20

37.10

35.40

40.10

Tessenderlo Group NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															37.10	36.90	35.40	38.20	40.10

Tessenderlo Group NV (XBRU:TESB) 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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Tessenderlo Group NV (XBRU:TESB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Tessenderlo Group NV (XBRU:TESB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0KCP:UK TEZ:Germany

Address

Troonstraat 130 Rue du Trone, Brussels, BEL, 1050

Website

https://www.tessenderlo.com

Tessenderlo Group NV is a diversified international agricultural and industrial company. The firm produces and sells products across four segments: Agro, Industrial Solutions, Bio-Valorization, and T-Power. The majority of its revenue comes from the Agro segment, which produces and sells liquid crop fertilizers, potassium sulfate, and crop protection products to the agriculture industry. The Industrial Solutions segment produces and sells plastic pipe systems, water treatment chemicals, and other industrial products. The Bio-Valorization segment processes animal by-products into gelatins for customers in the food, pharmaceutical, health, and nutrition industries. The company's revenue is generated in the United States.

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