MAX Automation SE (XTER:MXHN) Long-Term Capital Lease Obligation : €10.7 Mil (As of Dec. 2023)

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What is MAX Automation SE Long-Term Capital Lease Obligation?

MAX Automation SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €10.7 Mil.

MAX Automation SE's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€11.5 Mil) to Sep. 2023 (€11.8 Mil) but then declined from Sep. 2023 (€11.8 Mil) to Dec. 2023 (€10.7 Mil).

MAX Automation SE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€11.2 Mil) to Dec. 2022 (€9.3 Mil) but then increased from Dec. 2022 (€9.3 Mil) to Dec. 2023 (€10.7 Mil).

MAX Automation SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for MAX Automation 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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MAX Automation SE Long-Term Capital Lease Obligation Chart

MAX Automation SE Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.44

13.54

11.22

9.25

10.68

MAX Automation SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.25	8.52	11.50	11.83	10.68

MAX Automation SE (XTER:MXHN) 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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MAX Automation SE (XTER:MXHN) Business Description

Industry

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

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MXHN:Germany MXHN:Germany MXHN:Germany

Address

Fritz-Vomfelde-Street 34, Dusseldorf, NW, DEU, 40547

Website

https://www.maxautomation.com

MAX Automation SE is a medium-sized finance and investment company with an actively managed portfolio of operationally independent portfolio companies in attractive and fastgrowing niche markets. The present portfolio of companies consists of ten portfolio companies and their respective subsidiaries which develop, manufacture and distribute a diversified portfolio of technologically complex machinery, equipment, and integrated automation solutions as well as complementary services such as consulting, production support, maintenance, and repair for their customers both in Germany and internationally.

Executives

Dr. Christian Diekmann	Managing Director (CEO)
Hartmut Buscher	Member of the Supervisory Board/Managing Director (CFO)
Dr. Ralf Guckert	Managing Director (COO)

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