Piquadro SpA (MIL:PQ) Long-Term Capital Lease Obligation : €19.4 Mil (As of Sep. 2023)

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What is Piquadro SpA Long-Term Capital Lease Obligation?

Piquadro SpA's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €19.4 Mil.

Piquadro SpA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (€32.5 Mil) to Mar. 2023 (€23.9 Mil) and declined from Mar. 2023 (€23.9 Mil) to Sep. 2023 (€19.4 Mil).

Piquadro SpA's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (€36.3 Mil) to Mar. 2022 (€36.3 Mil) but then declined from Mar. 2022 (€36.3 Mil) to Mar. 2023 (€23.9 Mil).

Piquadro SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Piquadro 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.

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Piquadro SpA Long-Term Capital Lease Obligation Chart

Piquadro SpA Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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39.24

36.29

36.33

23.87

Piquadro SpA Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															35.11	36.33	32.52	23.87	19.42

Piquadro SpA (MIL:PQ) 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.

Piquadro SpA Long-Term Capital Lease Obligation Related Terms

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Piquadro SpA (MIL:PQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Piquadro SpA (MIL:PQ) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

4LZ:Germany

Address

Localita Sassuriano, 246, Silla di Gaggio Montano, Bologna, ITA, 40041

Website

https://www.piquadro.com

Piquadro SpA operates in the leather goods market. The company designs, manufactures and markets goods under its own brand name. Its products include women's bags, travel bags, briefcases, belts, wallets, key rings, cigar cases among others. The company's operating segment includes Piquadro; The Bridge and Lancel. It generates maximum revenue from the Lancel segment. Geographically, it derives a majority of revenue from Europe and also has a presence in Italy and the Rest of the World.

Piquadro SpA (MIL:PQ) Headlines

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