Applus Services (XMAD:APPS) Long-Term Capital Lease Obligation : €134 Mil (As of Dec. 2023)

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What is Applus Services Long-Term Capital Lease Obligation?

Applus Services's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €134 Mil.

Applus Services's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€136 Mil) to Jun. 2023 (€128 Mil) but then increased from Jun. 2023 (€128 Mil) to Dec. 2023 (€134 Mil).

Applus Services's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€142 Mil) to Dec. 2022 (€136 Mil) and declined from Dec. 2022 (€136 Mil) to Dec. 2023 (€134 Mil).

Applus Services Long-Term Capital Lease Obligation Historical Data

The historical data trend for Applus Services'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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Applus Services Long-Term Capital Lease Obligation Chart

Applus Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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127.43

146.21

142.13

136.34

133.99

Applus Services 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															142.13	143.70	136.34	127.54	133.99

Applus Services (XMAD:APPS) 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.

Applus Services Long-Term Capital Lease Obligation Related Terms

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Applus Services (XMAD:APPS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Applus Services SA (XMAD:APPS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0QTZ:UK 39A:Germany

Address

C/ Campezo n 1, Parque Empresarial Las Mercedes, Edificio 3, Madrid, ESP, 28022

Website

https://www.applus.com

Applus Services SA is a Spain-based company that provides testing, inspection and certification services. The company operates through four divisions. The energy and industry division, which accounts for the majority of revenue, is primarily engaged in industrial and environmental inspection, technical assistance, technical staffing, and others. The automotive division conducts statutory vehicle inspection services for safety and emissions. The IDIADA division provides vehicle proving ground, engineering, design and other services. The laboratories division conducts product testing and certification services for laboratories. Europe, North America, Asia Pacific are the three biggest markets for the company.