CIE Automotive (FRA:CAD) Long-Term Capital Lease Obligation : €59 Mil (As of Dec. 2023)

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What is CIE Automotive Long-Term Capital Lease Obligation?

CIE Automotive's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €59 Mil.

CIE Automotive's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€63 Mil) to Jun. 2023 (€0 Mil) but then increased from Jun. 2023 (€0 Mil) to Dec. 2023 (€59 Mil).

CIE Automotive's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€58 Mil) to Dec. 2022 (€63 Mil) but then declined from Dec. 2022 (€63 Mil) to Dec. 2023 (€59 Mil).

CIE Automotive Long-Term Capital Lease Obligation Historical Data

The historical data trend for CIE Automotive'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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CIE Automotive Long-Term Capital Lease Obligation Chart

CIE Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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73.83

61.68

57.81

62.80

58.71

CIE Automotive 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															57.81	-	62.80	-	58.71

CIE Automotive (FRA:CAD) 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.

CIE Automotive Long-Term Capital Lease Obligation Related Terms

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CIE Automotive (FRA:CAD) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CIE Automotive SA (FRA:CAD) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0DZC:UK CIE:Spain

Address

Alameda Mazarredo 69, Vizcaya, 8th floo, Bilbao, ESP, 48009

Website

http://www.cieautomotive.com

CIE Automotive SA is a supplier of components and subassemblies for the automotive market. Cie Automotive produces components for engines, gearboxes, transmissions, chassis, interior and exterior trims, and roof systems. The company's clients include Renault, Magna, Chrysler, Daimler, Schaeffler, Ford, Nexteer, Volkswagen, and Faurecia. Next to its core automotive business, Cie Automotive operates a process improvement service through a subsidiary. The majority of revenue and operating profits are generated in Cie Automotive's core segment automotive components. Geographically, Europe and NAFTA are the largest sources of operating profits for the company.