Accor (XPAR:AC) Long-Term Capital Lease Obligation : €639 Mil (As of Dec. 2023)

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What is Accor Long-Term Capital Lease Obligation?

Accor's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €639 Mil.

Accor's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€377 Mil) to Jun. 2023 (€556 Mil) and increased from Jun. 2023 (€556 Mil) to Dec. 2023 (€639 Mil).

Accor's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€263 Mil) to Dec. 2022 (€377 Mil) and increased from Dec. 2022 (€377 Mil) to Dec. 2023 (€639 Mil).

Accor Long-Term Capital Lease Obligation Historical Data

The historical data trend for Accor'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.

* Premium members only.

Accor Long-Term Capital Lease Obligation Chart

Accor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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461.00

314.00

263.00

377.00

639.00

Accor 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															263.00	291.00	377.00	556.00	639.00

Accor (XPAR:AC) 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.

Accor Long-Term Capital Lease Obligation Related Terms

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Accor (XPAR:AC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Accor SA (XPAR:AC) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

82, Rue Henri Farman, Tour Sequana, Issy-les-Moulineaux, Paris, FRA, 92130

Website

https://group.accor.com

Accor operates 812,425 rooms across 46 brands addressing the economy through luxury segments, as of Sept. 30, 2023. Ibis (economy scale) is the largest brand (37% of total rooms at the end of 2022), followed by mid scale brands Mercure (16%) and Novotel (14%). FRHI offers additional luxury and North American exposure. After the sale of the majority of HotelInvest (owned assets) in 2018-19, the majority of total EBITDA comes from asset-light managed and franchised hotels. Northern Europe represents 21% of rooms, Southern Europe 23%, Asia-Pacific region 32%, Americas 12%, and India, Middle East, and Africa 12%. Premium, midscale, and economy are 86% of total rooms, while luxury and lifestyle are the remaining 14%.