Sika AG (XSWX:SIKA) Long-Term Capital Lease Obligation : CHF287 Mil (As of Dec. 2023)

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What is Sika AG Long-Term Capital Lease Obligation?

Sika AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF287 Mil.

Sika AG's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (CHF256 Mil) to Jun. 2023 (CHF317 Mil) but then declined from Jun. 2023 (CHF317 Mil) to Dec. 2023 (CHF287 Mil).

Sika AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (CHF244 Mil) to Dec. 2022 (CHF256 Mil) and increased from Dec. 2022 (CHF256 Mil) to Dec. 2023 (CHF287 Mil).

Sika AG Long-Term Capital Lease Obligation Historical Data

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

Sika AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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247.60

244.70

244.10

256.10

287.00

Sika AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															244.10	246.20	256.10	316.70	287.00

Sika AG (XSWX:SIKA) 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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Sika AG (XSWX:SIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sika AG (XSWX:SIKA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SXYAY:USA SKFOF:USA SIKA:Mexico SIKAz:UK 0Z4C:UK SIKB:Germany

Address

Zugerstrasse 50, Baar, CHE, 6340

Website

https://www.sika.com

Sika AG manufactures and sells specialty chemical-based products. The majority of the company's revenue comes from the construction industry. Sika's products are used mainly for bonding, sealing, damping, reinforcing, and protecting in the building and motor vehicle industries. The firm produces additives for concrete, cement, and mortar production, waterproofing systems, roof waterproofing, flooring solutions, sealants, adhesive tapes, assembly foams and elastic adhesives for facade construction, interior and infrastructure construction, as well as concrete protection and repair solutions. The company's reportable segments are based on geography: EMEA, the Americas; Asia-Pacific; and global business. The EMEA segment generates the majority of revenue.

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