Avient (FRA:PY9) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Avient Long-Term Capital Lease Obligation?

Avient's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Avient's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€40 Mil) but then declined from Dec. 2023 (€40 Mil) to Mar. 2024 (€0 Mil).

Avient's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€33 Mil) to Dec. 2022 (€39 Mil) and increased from Dec. 2022 (€39 Mil) to Dec. 2023 (€40 Mil).

Avient Long-Term Capital Lease Obligation Historical Data

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

Avient Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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38.52

46.03

33.01

38.61

39.61

Avient Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	39.61	-

Avient (FRA:PY9) 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.

Avient Long-Term Capital Lease Obligation Related Terms

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Avient (FRA:PY9) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Avient Corp (FRA:PY9) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AVNT:USA

Address

33587 Walker Road, Avon Lake, OH, USA, 44012

Website

https://www.avient.com

Avient Corp manufactures and sells a variety of chemical and plastic-based products to designers and processors of plastics. The firm operates in three segments: Specialty Engineered Materials; Distribution; and Color, Additives, & Ink. The company's product portfolio includes concentrated color and ink blends, plastic resins, and various specialized polymer materials used in industries such as food packaging, construction, transportation, cosmetics, and healthcare. The color, additives, & ink segment and the distribution segment together generate a vast majority of revenue. More than half of the total revenue is derived from the United States.

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