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Technicolor Creative Studios (XPAR:TCHCS) Long-Term Capital Lease Obligation : €124.0 Mil (As of Jun. 2023)


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What is Technicolor Creative Studios Long-Term Capital Lease Obligation?

Technicolor Creative Studios's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €124.0 Mil.

Technicolor Creative Studios's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (€123.0 Mil) to Dec. 2022 (€133.0 Mil) but then declined from Dec. 2022 (€133.0 Mil) to Jun. 2023 (€124.0 Mil).

Technicolor Creative Studios's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€86.0 Mil) to Dec. 2021 (€107.0 Mil) and increased from Dec. 2021 (€107.0 Mil) to Dec. 2022 (€133.0 Mil).


Technicolor Creative Studios Long-Term Capital Lease Obligation Historical Data

The historical data trend for Technicolor Creative Studios'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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Technicolor Creative Studios Long-Term Capital Lease Obligation Chart

Technicolor Creative Studios Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
174.00 86.00 107.00 133.00

Technicolor Creative Studios Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 107.00 123.00 133.00 124.00

Technicolor Creative Studios  (XPAR:TCHCS) 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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Technicolor Creative Studios (XPAR:TCHCS) Business Description

Traded in Other Exchanges
Address
8-10 rue du Renard, Paris, FRA, 75004
Technicolor Creative Studios is an independent provider of creative visual arts services. The group specializes in VFX and through its award-winning teams of artists and technologists partners with the creative community across Feature Film, Episodic, Animation, Brand Experience & Advertising, and Gaming to bring the universal art of visual storytelling to audiences everywhere.

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