DSM Firmenich AG (XAMS:DSFIR) Long-Term Capital Lease Obligation : €331 Mil (As of Dec. 2023)

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What is DSM Firmenich AG Long-Term Capital Lease Obligation?

DSM Firmenich AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €331 Mil.

DSM Firmenich AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€135 Mil) to Jun. 2023 (€0 Mil) but then increased from Jun. 2023 (€0 Mil) to Dec. 2023 (€331 Mil).

DSM Firmenich AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0 Mil) to Dec. 2022 (€135 Mil) and increased from Dec. 2022 (€135 Mil) to Dec. 2023 (€331 Mil).

DSM Firmenich AG Long-Term Capital Lease Obligation Historical Data

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

DSM Firmenich AG Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

135.00

331.00

DSM Firmenich AG Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	-	-	135.00	-	331.00

DSM Firmenich AG (XAMS:DSFIR) 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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DSM Firmenich AG (XAMS:DSFIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DSM Firmenich AG (XAMS:DSFIR) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria

Address

Wurmisweg 576, Kaiseraugst, CHE, 4303

Website

https://www.dsm-firmenich.com/corporate/home.html

DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

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