Grounds Real Estate Development AG (FRA:AMM) Long-Term Capital Lease Obligation : €0.79 Mil (As of Dec. 2024)

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What is Grounds Real Estate Development AG Long-Term Capital Lease Obligation?

Grounds Real Estate Development AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was €0.79 Mil.

Grounds Real Estate Development AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (€0.89 Mil) to Jun. 2024 (€0.04 Mil) but then increased from Jun. 2024 (€0.04 Mil) to Dec. 2024 (€0.79 Mil).

Grounds Real Estate Development AG's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (€0.21 Mil) to Dec. 2023 (€0.89 Mil) but then declined from Dec. 2023 (€0.89 Mil) to Dec. 2024 (€0.79 Mil).

Grounds Real Estate Development AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grounds Real Estate Development 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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Grounds Real Estate Development AG Long-Term Capital Lease Obligation Chart

Grounds Real Estate Development AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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0.38

0.33

0.21

0.89

0.79

Grounds Real Estate Development AG Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.21	0.10	0.89	0.04	0.79

Grounds Real Estate Development AG (FRA:AMM) 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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Grounds Real Estate Development AG Business Description

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AMM:Germany

Address

Charlottenstrasse 79-80, Berlin, BB, DEU, 10117

Website

https://www.thegroundsag.com

Grounds Real Estate Development AG carries out housing projects in German metropolitan regions. Its business activities cover three core areas, including the company's plan to establish its property portfolio for long-term rental income, which is referred to as the portfolio management business. the company also works to develop the existing properties and sell them as part-ownership, known as the privatization business. Additionally, planning to construct new housing and sell it to institutional investors, capital investors, and owner-occupiers. This is referred to as the project development business. The group's primary sources of income are the construction work on project developments, privatization income, and rental income from existing properties.