Ringmetall SE (XTER:HP3A) Long-Term Capital Lease Obligation : €6.7 Mil (As of Dec. 2023)

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What is Ringmetall SE Long-Term Capital Lease Obligation?

Ringmetall SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €6.7 Mil.

Ringmetall SE's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€8.7 Mil) to Jun. 2023 (€5.8 Mil) but then increased from Jun. 2023 (€5.8 Mil) to Dec. 2023 (€6.7 Mil).

Ringmetall SE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€10.0 Mil) to Dec. 2022 (€8.7 Mil) and declined from Dec. 2022 (€8.7 Mil) to Dec. 2023 (€6.7 Mil).

Ringmetall SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ringmetall SE'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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Ringmetall SE Long-Term Capital Lease Obligation Chart

Ringmetall SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6.08

11.34

9.97

8.66

6.72

Ringmetall SE 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															9.97	9.13	8.66	5.80	6.72

Ringmetall SE (XTER:HP3A) 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.

Ringmetall SE Long-Term Capital Lease Obligation Related Terms

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Ringmetall SE (XTER:HP3A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ringmetall SE (XTER:HP3A) » Definitions » Long-Term Capital Lease Obligation

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HP3:Germany HP3A:Germany HP3A:Germany

Address

Innere Wiener Street 9, Munich, BY, DEU, 81667

Website

https://www.ringmetall.de

Ringmetall SE is a supplier in the packaging industry with a focus on packaging elements in the field of industrial drums. Its main activities are allocated to the Industrial Packaging and Industrial Handling business units. The majority of its revenue is generated from industrial packaging segment. The products offered by the group are Clamping rings and lids, Vehicle attachment parts, and other products, of which a majority of the revenue is generated from the sales of Clamping rings and lids. The Industrial packaging segment covers the production and sale of clamping rings and the associated closures, whereas the Industrial Handling segment includes the production and marketing of vehicle attachment parts for special vehicles in logistics and warehouse logistics as well as agriculture.

Executives

Christoph Petri

Board of Directors

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