Technip Energies NV (XPAR:TE) Long-Term Capital Lease Obligation : €160 Mil (As of Dec. 2023)

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What is Technip Energies NV Long-Term Capital Lease Obligation?

Technip Energies NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €160 Mil.

Technip Energies NV's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€195 Mil) to Jun. 2023 (€186 Mil) and declined from Jun. 2023 (€186 Mil) to Dec. 2023 (€160 Mil).

Technip Energies NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€237 Mil) to Dec. 2022 (€195 Mil) and declined from Dec. 2022 (€195 Mil) to Dec. 2023 (€160 Mil).

Technip Energies NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Technip Energies NV'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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Technip Energies NV Long-Term Capital Lease Obligation Chart

Technip Energies NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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216.40

202.30

236.90

195.10

160.40

Technip Energies NV Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							236.90	221.60	195.10	186.40	160.40

Technip Energies NV (XPAR:TE) 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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Technip Energies NV (XPAR:TE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Technip Energies NV (XPAR:TE) » Definitions » Long-Term Capital Lease Obligation

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Address

2126 boulevard de la Defense, CS 10266, Nanterre, Cedex, FRA, 92741

Website

https://www.technipenergies.com

Technip Energies NV is an engineering and technology company specialized in providing projects, technologies, products and services on energy infrastructure both onshore and offshore. Substantial revenue is derived from the Project Delivery segment.