Comer Industries SpA (MIL:COM) Long-Term Capital Lease Obligation : €0 Mil (As of Dec. 2023)

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What is Comer Industries SpA Long-Term Capital Lease Obligation?

Comer Industries SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil.

Comer Industries SpA's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€48 Mil) to Jun. 2023 (€48 Mil) but then declined from Jun. 2023 (€48 Mil) to Dec. 2023 (€0 Mil).

Comer Industries SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€48 Mil) to Dec. 2022 (€48 Mil) but then declined from Dec. 2022 (€48 Mil) to Dec. 2023 (€0 Mil).

Comer Industries SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Comer Industries SpA'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.

* Premium members only.

Comer Industries SpA Long-Term Capital Lease Obligation Chart

Comer Industries SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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22.87

19.77

47.59

48.05

Comer Industries SpA Semi-Annual Data
	Dec15	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											47.59	45.19	48.05	48.32	-

Comer Industries SpA (MIL:COM) 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.

Comer Industries SpA Long-Term Capital Lease Obligation Related Terms

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Comer Industries SpA (MIL:COM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Comer Industries SpA (MIL:COM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

X5Q:Germany

Address

Via Magellano, 27, Reggiolo, ITA, 42046

Website

https://www.comerindustries.com

Comer Industries SpA is engaged in the design and production of advanced engineering systems and mechatronic solutions for power transmission. It operates in the sectors of agricultural machinery, construction equipment and forestry, energy and industry. The products offered by the group include Gearboxes, Driveshafts, Powertrain, Planetary drives and Wheel drives.

Comer Industries SpA (MIL:COM) Headlines

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