AGCO (FRA:AGJ) Long-Term Capital Lease Obligation : €122 Mil (As of Mar. 2024)

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What is AGCO Long-Term Capital Lease Obligation?

AGCO's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €122 Mil.

AGCO's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€120 Mil) to Dec. 2023 (€123 Mil) but then declined from Dec. 2023 (€123 Mil) to Mar. 2024 (€122 Mil).

AGCO's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€102 Mil) to Dec. 2022 (€118 Mil) and increased from Dec. 2022 (€118 Mil) to Dec. 2023 (€123 Mil).

AGCO Long-Term Capital Lease Obligation Historical Data

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

AGCO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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133.74

103.49

102.22

118.38

123.25

AGCO Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															114.23	120.73	120.12	123.25	122.36

AGCO (FRA:AGJ) 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.

AGCO Long-Term Capital Lease Obligation Related Terms

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AGCO (FRA:AGJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AGCO Corp (FRA:AGJ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AGCO:USA AGCO:Mexico AGJ:Germany

Address

4205 River Green Parkway, Duluth, GA, USA, 30096

Website

https://www.agcocorp.com

Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.

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