Iveco Group NV (MIL:IVG) Long-Term Capital Lease Obligation : €140 Mil (As of Dec. 2023)

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What is Iveco Group NV Long-Term Capital Lease Obligation?

Iveco Group NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €140 Mil.

Iveco Group NV's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€196 Mil) to Sep. 2023 (€184 Mil) and declined from Sep. 2023 (€184 Mil) to Dec. 2023 (€140 Mil).

Iveco Group NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€200 Mil) to Dec. 2022 (€133 Mil) but then increased from Dec. 2022 (€133 Mil) to Dec. 2023 (€140 Mil).

Iveco Group NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Iveco Group 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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Iveco Group NV Long-Term Capital Lease Obligation Chart

Iveco Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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149.00

200.00

133.00

140.00

Iveco Group NV Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											133.00	179.00	196.00	184.00	140.00

Iveco Group NV (MIL:IVG) 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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Iveco Group NV (MIL:IVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Iveco Group NV (MIL:IVG) » Definitions » Long-Term Capital Lease Obligation

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IVCGF:USA IVGm:UK R3D:Germany

Address

Via Puglia n. 35, Turin, ITA, 10156

Website

https://www.ivecogroup.com

Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has three operating segments: Commercial and Specialty Vehicles, Powertrain and Financial Services. Majority of revenue is generated from Commercial and Specialty Vehicles. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods; city-buses, commuter buses; quarry and mining equipment. Geographically, majority of revenue is generated from Europe.

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