Grupo Greening 2022 (XMAD:GGR) Long-Term Capital Lease Obligation : €0.4 Mil (As of Dec. 2023)

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What is Grupo Greening 2022 Long-Term Capital Lease Obligation?

Grupo Greening 2022's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.4 Mil.

Grupo Greening 2022's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€0.0 Mil) to Jun. 2023 (€0.0 Mil) but then increased from Jun. 2023 (€0.0 Mil) to Dec. 2023 (€0.4 Mil).

Grupo Greening 2022's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€0.0 Mil) and increased from Dec. 2022 (€0.0 Mil) to Dec. 2023 (€0.4 Mil).

Grupo Greening 2022 Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grupo Greening 2022'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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Grupo Greening 2022 Long-Term Capital Lease Obligation Chart

Grupo Greening 2022 Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.01

0.40

Grupo Greening 2022 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	0.01	-	0.40

Grupo Greening 2022 (XMAD:GGR) 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.

Grupo Greening 2022 Long-Term Capital Lease Obligation Related Terms

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Grupo Greening 2022 (XMAD:GGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Grupo Greening 2022 SA (XMAD:GGR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

70I:Germany

Address

C/ Alcayata, 4. Polígono Industrial El Florío, Granada, ESP, 18015

Website

https://www.greening-group.com

Grupo Greening 2022 SA is a diversified business group, whose objectives are innovation and international development in all its business areas: renewable energies, hydraulic projects, engineering, concessions, services and industry.