Universal Music Group NV (XAMS:UMG) Long-Term Capital Lease Obligation : €324 Mil (As of Dec. 2023)

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What is Universal Music Group NV Long-Term Capital Lease Obligation?

Universal Music Group NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €324 Mil.

Universal Music Group NV's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€346 Mil) to Jun. 2023 (€319 Mil) but then increased from Jun. 2023 (€319 Mil) to Dec. 2023 (€324 Mil).

Universal Music Group NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€421 Mil) to Dec. 2022 (€346 Mil) and declined from Dec. 2022 (€346 Mil) to Dec. 2023 (€324 Mil).

Universal Music Group NV Long-Term Capital Lease Obligation Historical Data

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

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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510.00

447.00

421.00

346.00

324.00

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					421.00	385.00	346.00	319.00	324.00

Universal Music Group NV (XAMS:UMG) 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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Universal Music Group NV (XAMS:UMG) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (XAMS:UMG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

UNVGY:USA UMGNF:USA UMGa:UK 0VD:Germany UMG:Austria

Address

Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW

Website

https://www.universalmusic.com

Universal Music Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.

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