Carlo Gavazzi Holding AG (XSWX:GAV) Long-Term Capital Lease Obligation : CHF3.0 Mil (As of Sep. 2023)

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What is Carlo Gavazzi Holding AG Long-Term Capital Lease Obligation?

Carlo Gavazzi Holding AG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was CHF3.0 Mil.

Carlo Gavazzi Holding AG's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (CHF3.8 Mil) to Mar. 2023 (CHF3.7 Mil) and declined from Mar. 2023 (CHF3.7 Mil) to Sep. 2023 (CHF3.0 Mil).

Carlo Gavazzi Holding AG's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (CHF5.9 Mil) to Mar. 2022 (CHF4.7 Mil) and declined from Mar. 2022 (CHF4.7 Mil) to Mar. 2023 (CHF3.7 Mil).

Carlo Gavazzi Holding AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Carlo Gavazzi Holding AG'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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Carlo Gavazzi Holding AG Long-Term Capital Lease Obligation Chart

Carlo Gavazzi Holding AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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4.00

5.94

4.68

3.70

Carlo Gavazzi Holding AG Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.83	4.68	3.78	3.70	2.96

Carlo Gavazzi Holding AG (XSWX:GAV) 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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Carlo Gavazzi Holding AG (XSWX:GAV) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Carlo Gavazzi Holding AG (XSWX:GAV) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GAVz:UK

Address

Sumpfstrasse 3, Steinhausen, CHE, CH-6312

Website

https://www.carlogavazzi.com

Carlo Gavazzi Holding AG is engaged in the designing, manufacturing, and marketing of electronic control components for the global markets of industrial and building automation. Its product portfolio comprises sensors, monitoring relays, timers, energy management systems, solid-state relays, safety devices, and Fieldbus systems. Its products are marketed through a network of sales companies and independent national distributors. It has operational footprints across Switzerland, Italy, other Europe, the Middle East and Africa, the United States of America, other North America, and Asia. Geographically the company receives maximum revenue from Europe, the Middle East, and Africa.

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