Siemens AG (Siemens AG) Long-Term Capital Lease Obligation : $2,468 Mil (As of Mar. 2024)

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What is Siemens AG Long-Term Capital Lease Obligation?

Siemens AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,468 Mil.

Siemens AG's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($2,380 Mil) to Dec. 2023 ($0 Mil) but then increased from Dec. 2023 ($0 Mil) to Mar. 2024 ($2,468 Mil).

Siemens AG's annual Long-Term Capital Lease Obligation declined from Sep. 2021 ($2,621 Mil) to Sep. 2022 ($2,276 Mil) but then increased from Sep. 2022 ($2,276 Mil) to Sep. 2023 ($2,380 Mil).

Siemens AG Long-Term Capital Lease Obligation Historical Data

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

Siemens AG Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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99.12

2,527.68

2,621.18

2,276.24

2,379.94

Siemens AG 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															2,349.04	-	2,379.94	-	2,468.48

Siemens AG (OTCPK:SIEGY) 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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Siemens AG (Siemens AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Siemens AG (OTCPK:SIEGY) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SMAWF:USA SIE:Mexico SIE:Italy SIEMENS:Hungary SIEd:UK 0P6M:UK SIE:Germany SIEB:Germany SIE:Germany SIE:Germany SIEB:Germany SIE:Germany SIE:Austria

Address

Werner-von-Siemens-Strabe 1, Munich, BY, DEU, 80333

Website

https://www.siemens.com

Siemens AG is a multi-industry company focused on the areas of automation, electrification, mobility, and healthcare. Its top three geographic regions—the United States, Germany, and China—contribute over half of group revenue. Siemens has a 75% investment in separately listed Siemens Healthineers. Recent portfolio activity included the listing of Siemens Energy, spinning out its power and gas and Siemens Gamesa business divisions in 2020.