Garrett Motion (STU:G02) Long-Term Capital Lease Obligation : €32 Mil (As of Mar. 2024)

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What is Garrett Motion Long-Term Capital Lease Obligation?

Garrett Motion's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €32 Mil.

Garrett Motion's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€31 Mil) to Dec. 2023 (€30 Mil) but then increased from Dec. 2023 (€30 Mil) to Mar. 2024 (€32 Mil).

Garrett Motion's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€37 Mil) to Dec. 2022 (€34 Mil) and declined from Dec. 2022 (€34 Mil) to Dec. 2023 (€30 Mil).

Garrett Motion Long-Term Capital Lease Obligation Historical Data

The historical data trend for Garrett Motion'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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Garrett Motion Long-Term Capital Lease Obligation Chart

Garrett Motion Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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25.20

12.33

37.17

33.98

30.26

Garrett Motion Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															33.62	32.31	30.92	30.26	32.20

Garrett Motion (STU:G02) 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.

Garrett Motion Long-Term Capital Lease Obligation Related Terms

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Garrett Motion (STU:G02) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Garrett Motion Inc (STU:G02) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GTX:USA G02:Germany

Address

La Piece 16, Rolle, CHE, 1180

Website

https://www.garrettmotion.com

Garrett Motion Inc designs, manufactures and sells engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs) and the vehicle independent aftermarket, as well as automotive software solutions. The company is a technology leader with expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the aftermarket through its distribution network.

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