Tecan Group AG (FRA:TEN) Long-Term Capital Lease Obligation : €57 Mil (As of Dec. 2023)

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What is Tecan Group AG Long-Term Capital Lease Obligation?

Tecan Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €57 Mil.

Tecan Group AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€44 Mil) to Jun. 2023 (€38 Mil) but then increased from Jun. 2023 (€38 Mil) to Dec. 2023 (€57 Mil).

Tecan Group AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€48 Mil) to Dec. 2022 (€44 Mil) but then increased from Dec. 2022 (€44 Mil) to Dec. 2023 (€57 Mil).

Tecan Group AG Long-Term Capital Lease Obligation Historical Data

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

Tecan Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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31.27

25.51

48.47

44.34

57.33

Tecan Group AG 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															48.47	45.09	44.34	37.55	57.33

Tecan Group AG (FRA:TEN) 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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Tecan Group AG (FRA:TEN) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tecan Group AG (FRA:TEN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

TCGGY:USA TCHBF:USA TECNz:UK TECN:Switzerland

Address

Seestrasse 103, Mannedorf, CHE, 8708

Website

https://www.tecan.com

Tecan Group AG sells automated laboratory instruments and solutions for the diagnostics and life science research markets. The firm operates in two segments; Life Sciences Business (end-customer business) segment supplies end users with automated workflow solutions directly. These solutions include laboratory instruments, software packages, application know-how, services, consumables, and spare parts, and Partnering Business (OEM business) segment develops and manufactures OEM instruments and components that are distributed by partner companies under their own names. A majority proportion of Tecan's revenue is generated in the Americas and Europe.