TIM (TIMB) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2023)

View and export this data going back to 1998. Start your Free Trial

What is TIM Long-Term Capital Lease Obligation?

TIM's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0 Mil.

TIM's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($2,136 Mil) to Jun. 2023 ($2,265 Mil) but then declined from Jun. 2023 ($2,265 Mil) to Sep. 2023 ($0 Mil).

TIM's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($1,424 Mil) to Dec. 2021 ($1,378 Mil) but then increased from Dec. 2021 ($1,378 Mil) to Dec. 2022 ($2,016 Mil).

TIM Long-Term Capital Lease Obligation Historical Data

The historical data trend for TIM'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.

* Premium members only.

TIM Long-Term Capital Lease Obligation Chart

TIM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

1,682.98

1,423.63

1,378.21

2,015.99

TIM 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															2,015.99	2,136.01	2,265.34	-	-

TIM (NYSE:TIMB) 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.

TIM Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of TIM's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

TIM (TIMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » TIM SA (NYSE:TIMB) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TIMS3:Brazil

Address

Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057

Website

https://ri.tim.com.br

TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 61 million subscribers, equal to about 24% of the market. The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million locations, equal to a bit less than 15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand.