Smurfit Kappa Group (FRA:SK3) Long-Term Capital Lease Obligation : €0 Mil (As of Dec. 2023)

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What is Smurfit Kappa Group Long-Term Capital Lease Obligation?

Smurfit Kappa Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil.

Smurfit Kappa Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Smurfit Kappa Group'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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Smurfit Kappa Group Long-Term Capital Lease Obligation Chart

Smurfit Kappa Group Annual Data

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Long-Term Capital Lease Obligation

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Smurfit Kappa Group Semi-Annual Data
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Smurfit Kappa Group (FRA:SK3) 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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Smurfit Kappa Group (FRA:SK3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Smurfit Kappa Group PLC (FRA:SK3) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SMFTF:USA SMFKY:USA SK3:Ireland SKGl:UK SKG:UK SK3:Germany

Address

Beech Hill, Clonskeagh, Dublin 4, IRL, D04 N2R2

Website

https://www.smurfitkappa.com

Smurfit Kappa Group PLC manufactures and sells paper-based packaging products. The company owns mills that produce containerboard, which is then shipped to the company's plants, where it is converted into corrugated packaging products. The packaging products include solid board, sack kraft paper, and folding cartons. The firm organizes itself into two segments based on geography: Europe and the Americas. The Europe segment generates the majority of the revenue. The Americas segment owns forestland in Latin America, where Smurfit Kappa harvests timber for its mills.

Smurfit Kappa Group (FRA:SK3) Headlines

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