Mittel SpA (MIL:MIT) Long-Term Capital Lease Obligation : €29.2 Mil (As of Dec. 2023)

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What is Mittel SpA Long-Term Capital Lease Obligation?

Mittel SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €29.2 Mil.

Mittel SpA's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€255.4 Mil) to Jun. 2023 (€16.4 Mil) but then increased from Jun. 2023 (€16.4 Mil) to Dec. 2023 (€29.2 Mil).

Mittel SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€233.1 Mil) to Dec. 2022 (€255.4 Mil) but then declined from Dec. 2022 (€255.4 Mil) to Dec. 2023 (€29.2 Mil).

Mittel SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mittel 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.

Mittel SpA Long-Term Capital Lease Obligation Chart

Mittel SpA Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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200.91

211.28

233.06

255.41

29.23

Mittel SpA Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															233.06	230.69	255.41	16.40	29.23

Mittel SpA (MIL:MIT) 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.

Mittel SpA Long-Term Capital Lease Obligation Related Terms

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Mittel SpA (MIL:MIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mittel SpA (MIL:MIT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Borromei, 5, Milan, ITA, 20123

Website

http://www.mittel.it

Mittel SpA is an investment-merchant bank company. It operates through Private Equity and Investments Sector, Advisory Services, and Real Estate Sector.

Mittel SpA (MIL:MIT) Headlines

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