Le Belier (XPAR:BELI) Long-Term Capital Lease Obligation : €1.6 Mil (As of Jun. 2020)

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What is Le Belier Long-Term Capital Lease Obligation?

Le Belier's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was €1.6 Mil.

Le Belier's quarterly Long-Term Capital Lease Obligation declined from Jun. 2019 (€3.5 Mil) to Dec. 2019 (€0.8 Mil) but then increased from Dec. 2019 (€0.8 Mil) to Jun. 2020 (€1.6 Mil).

Le Belier's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 (€0.0 Mil) to Dec. 2018 (€0.0 Mil) but then increased from Dec. 2018 (€0.0 Mil) to Dec. 2019 (€0.8 Mil).

Le Belier Long-Term Capital Lease Obligation Historical Data

The historical data trend for Le Belier'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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Le Belier Long-Term Capital Lease Obligation Chart

Le Belier Annual Data

Trend

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Long-Term Capital Lease Obligation

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0.83

Le Belier Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	3.52	0.83	1.62

Le Belier (XPAR:BELI) 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.

Le Belier Long-Term Capital Lease Obligation Related Terms

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Le Belier (XPAR:BELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Le Belier SA (XPAR:BELI) » Definitions » Long-Term Capital Lease Obligation

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Address

Plantier de la Reine, BP 103, Verac, FRA, 33240

Website

http://www.lebelier.com

Le Belier SA is a France-based company engaged in manufacturing of aluminum safety-related parts for the automotive industry. It operates through three segments: Foundry services, Machining and Tool-making. The Foundry services cover the transformation of casting a liquid metal into a mold to reproduce specific parts, while the Machining division produces high precision mechanical parts with tolerances in microns and the Tool-making division designs and produces foundry tools. It offers products such as braking systems, turbo systems, suspension and chassis parts which are sold to auto component suppliers such as Delphi, Bosch, Valio and others.

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