Siemens (NSE:SIEMENS) Long-Term Capital Lease Obligation : ₹0 Mil (As of Dec. 2023)

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What is Siemens Long-Term Capital Lease Obligation?

Siemens's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.

Siemens's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (₹0 Mil) to Sep. 2023 (₹1,016 Mil) but then declined from Sep. 2023 (₹1,016 Mil) to Dec. 2023 (₹0 Mil).

Siemens's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (₹1,551 Mil) to Sep. 2022 (₹1,016 Mil) but then stayed the same from Sep. 2022 (₹1,016 Mil) to Sep. 2023 (₹1,016 Mil).

Siemens Long-Term Capital Lease Obligation Historical Data

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

Siemens Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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1,213.00

1,551.00

1,016.00

Siemens 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															-	1,041.00	-	1,016.00	-

Siemens (NSE:SIEMENS) 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.

Siemens Long-Term Capital Lease Obligation Related Terms

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Siemens (NSE:SIEMENS) Business Description

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500550:India

Address

Dr. Annie Besant Road, Birla Aurora, Level 21, Plot Number 1080, Worli, Mumbai, MH, IND, 400030

Website

https://www.siemens.co.in

Siemens Ltd produces systems and solutions for electrification, automation, and digitalization. The company produces energy-efficient technologies, solutions for power generation, and power transmission solutions. Siemens operates in many business divisions, including energy, Smart Infrastructure, Mobility, Digital Industries and other. The Energy division derives majority revenue. Sales to customers located in India account for the majority of total revenue.

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