Vitesco Technologies Group AG (XTER:VTSC) Long-Term Capital Lease Obligation : €177 Mil (As of Dec. 2023)

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What is Vitesco Technologies Group AG Long-Term Capital Lease Obligation?

Vitesco Technologies Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €177 Mil.

Vitesco Technologies Group AG's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€182 Mil) to Sep. 2023 (€0 Mil) but then increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€177 Mil).

Vitesco Technologies Group AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€199 Mil) to Dec. 2022 (€193 Mil) and declined from Dec. 2022 (€193 Mil) to Dec. 2023 (€177 Mil).

Vitesco Technologies Group AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vitesco Technologies Group 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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Vitesco Technologies Group AG Long-Term Capital Lease Obligation Chart

Vitesco Technologies Group AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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186.80

181.30

199.10

192.80

177.40

Vitesco Technologies Group AG Quarterly Data
	Dec18	Dec19	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												192.80	-	181.90	-	177.40

Vitesco Technologies Group AG (XTER:VTSC) 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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Vitesco Technologies Group AG (XTER:VTSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vitesco Technologies Group AG (XTER:VTSC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

VTSCF:USA VTSCY:USA 0AAF:UK VTS:Germany VTS:Germany VTSC:Germany VTSC:Austria

Address

Siemensstrase 12, Regensburg, BY, DEU, 93055

Website

https://www.vitesco-technologies.com

Vitesco is a global Tier I automotive supplier of internal combustion engine, hybrid electric, battery electric, and fuel cell electric vehicle powertrain components and systems, operating through four segments: electrification technology, electronic controls, sensing and actuation, and contract manufacturing. The company was spun off from Continental in September 2021. ICE powertrain products include electronic controls, sensors, actuators, turbochargers, hydraulic components, pumps, and emissions technologies. HEV, BEV, and FCEV products include battery management systems, on-board chargers, battery junction boxes, e-motors, inverters, converters, thermal control, electronic control units, pumps, flow control valves, sensors, and actuators.

Executives

Ingo Holstein	Board of Directors
Werner Volz	Board of Directors
Andreas Wolf	Board of Directors
Klaus Hau	Board of Directors
Thomas Stierle	Board of Directors
Prof. Dr. Hans-jörg Bullinger	Supervisory Board
Joachim Hirsch	Supervisory Board
Prof. Siegfried Wolf	Supervisory Board

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