Zardoya Otis (XMAD:ZOT) Long-Term Capital Lease Obligation : €13.4 Mil (As of Nov. 2021)

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What is Zardoya Otis Long-Term Capital Lease Obligation?

Zardoya Otis's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2021 was €13.4 Mil.

Zardoya Otis's quarterly Long-Term Capital Lease Obligation declined from May. 2021 (€11.9 Mil) to Aug. 2021 (€0.0 Mil) but then increased from Aug. 2021 (€0.0 Mil) to Nov. 2021 (€13.4 Mil).

Zardoya Otis's annual Long-Term Capital Lease Obligation increased from Nov. 2019 (€0.0 Mil) to Nov. 2020 (€17.7 Mil) but then declined from Nov. 2020 (€17.7 Mil) to Nov. 2021 (€13.4 Mil).

Zardoya Otis Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zardoya Otis'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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Zardoya Otis Long-Term Capital Lease Obligation Chart

Zardoya Otis Annual Data

Trend

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Nov21

Long-Term Capital Lease Obligation

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17.70

13.43

Zardoya Otis Quarterly Data
	Nov15	May16	Nov16	May17	Nov17	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17.70	-	11.92	-	13.43

Zardoya Otis (XMAD:ZOT) 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.

Zardoya Otis Long-Term Capital Lease Obligation Related Terms

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Zardoya Otis (XMAD:ZOT) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zardoya Otis SA (XMAD:ZOT) » Definitions » Long-Term Capital Lease Obligation

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Address

C / Gulf of Thessaloniki No. 73, Madrid, ESP, 28033

Website

https://www.otis.com

Zardoya Otis SA and its subsidiaries are in the business of manufacturing and installing elevators and provision of related maintenance services and export of equipment for installation. The company has manufacturing plants in Madrid and San Sebastian and modernization centers in Munguia and Vigo. Its significant contracts include Louvre museum, Stavros niarchos foundation and Auchan supermarkets. The company mainly operates in Spain, Portugal and Morocco.

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