Grupo ElektraB de CV (XMAD:XEKT) Long-Term Capital Lease Obligation : €679 Mil (As of Mar. 2024)

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What is Grupo ElektraB de CV Long-Term Capital Lease Obligation?

Grupo ElektraB de CV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €679 Mil.

Grupo ElektraB de CV's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€662 Mil) to Dec. 2023 (€661 Mil) but then increased from Dec. 2023 (€661 Mil) to Mar. 2024 (€679 Mil).

Grupo ElektraB de CV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€423 Mil) to Dec. 2022 (€642 Mil) and increased from Dec. 2022 (€642 Mil) to Dec. 2023 (€661 Mil).

Grupo ElektraB de CV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grupo ElektraB de CV'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 ElektraB de CV Long-Term Capital Lease Obligation Chart

Grupo ElektraB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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416.34

375.28

423.20

642.49

660.87

Grupo ElektraB de CV 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															665.44	687.61	661.58	660.87	678.96

Grupo ElektraB de CV (XMAD:XEKT) 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 ElektraB de CV Long-Term Capital Lease Obligation Related Terms

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Grupo ElektraB de CV (XMAD:XEKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Grupo Elektra SAB de CV (XMAD:XEKT) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

ELEKTRA:Mexico GE7C:Germany

Address

Av Ferrocarril de Rio Frio, N 419-CJ Col Fraccionamiento, Industrial del Moral, Mexico DF, MEX

Website

http://www.grupoelektra.com.mx

Grupo Elektra SAB de CV is a Mexican specialty retailer and financial services provider. It operates in South and Central America and the United States. The firm's main customers are found at the base of the socioeconomic pyramid. The firm's operations are split into the commercial division and the financial division. The commercial division offers electronics, appliances, and furniture, among other things. The financial division includes Banco Azteca (Mexico, Guatemala, El Salvador, Honduras, Peru), Advance America (U.S.), Afore Azteca, Seguros Azteca, and Punto Casa de Bolsa.

Grupo ElektraB de CV (XMAD:XEKT) Headlines

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