MTU Aero Engines AG (XTER:MTX) Long-Term Capital Lease Obligation : €127 Mil (As of Dec. 2023)

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What is MTU Aero Engines AG Long-Term Capital Lease Obligation?

MTU Aero Engines AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €127 Mil.

MTU Aero Engines AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€109 Mil) to Jun. 2023 (€104 Mil) but then increased from Jun. 2023 (€104 Mil) to Dec. 2023 (€127 Mil).

MTU Aero Engines AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€108 Mil) to Dec. 2022 (€109 Mil) and increased from Dec. 2022 (€109 Mil) to Dec. 2023 (€127 Mil).

MTU Aero Engines AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for MTU Aero Engines 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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MTU Aero Engines AG Long-Term Capital Lease Obligation Chart

MTU Aero Engines AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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103.00

132.00

108.00

109.00

127.00

MTU Aero Engines AG 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															108.00	100.00	109.00	104.00	127.00

MTU Aero Engines AG (XTER:MTX) 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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MTU Aero Engines AG (XTER:MTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » MTU Aero Engines AG (XTER:MTX) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MTUAY:USA MTUAF:USA 1MTX:Italy MTXd:UK 0FC9:UK MTX1:Germany MTX1:Germany MTX:Germany MTX:Germany MTX:Germany MTX:Austria

Address

Dachauer Strasse 665, Munich, BY, DEU, 80995

Website

https://www.mtu.de

MTU Aero Engines specializes in the development and production of commercial and military aircraft engine components and spare parts. It also performs maintenance, repair, and overhaul services for aircraft engines. More than 30% of commercial aircraft have MTU technology on board. MTU is also a major assembler of aircraft engines. The commercial and military engine segment develops and manufactures engine components for new engine production and spare parts for the aftermarket. The commercial maintenance business reports MTU's MRO services.

Executives

Dr. Silke Maurer	Board of Directors
Peter Kameritsch	Board of Directors
Michael Schreyoegg	Board of Directors
Thomas Dautl	Supervisory Board
Dr. Rainer Martens	Supervisory Board