PIERER Mobility AG (CHIX:PKTMZ) Long-Term Capital Lease Obligation : CHF51 Mil (As of Dec. 2023)

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What is PIERER Mobility AG Long-Term Capital Lease Obligation?

PIERER Mobility AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF51 Mil.

PIERER Mobility AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (CHF45 Mil) to Jun. 2023 (CHF0 Mil) but then increased from Jun. 2023 (CHF0 Mil) to Dec. 2023 (CHF51 Mil).

PIERER Mobility AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (CHF47 Mil) to Dec. 2022 (CHF45 Mil) but then increased from Dec. 2022 (CHF45 Mil) to Dec. 2023 (CHF51 Mil).

PIERER Mobility AG Long-Term Capital Lease Obligation Historical Data

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

PIERER Mobility AG Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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49.73

45.65

47.39

45.49

50.56

PIERER Mobility AG Quarterly Data
	Sep14	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															47.39	-	45.49	-	50.56

PIERER Mobility AG (CHIX:PKTMz) 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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PIERER Mobility AG (CHIX:PKTMZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PIERER Mobility AG (CHIX:PKTMz) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PKTM:Germany PKTM:Switzerland PKTM:Austria

Address

Edisonstrasse 1, Wels, AUT, 4600

Website

https://www.pierermobility.com

PIERER Mobility AG is a global automotive niche player that includes worldwide renowned brands KTM, Husqvarna Motorcycles, and WP. Its KTM Industries group is divided into core areas like high-performance components, PTW Vehicles, and PTW vehicles concept development. It operates in three segments: Motorcycles, which generate the majority of the revenue; E-bicycles; and Others. The company's geographical segments include Europe, North America & Mexico, and Others.

PIERER Mobility AG (CHIX:PKTMZ) Headlines

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