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Catana Group (XPAR:CATG) Long-Term Capital Lease Obligation : €1.9 Mil (As of Aug. 2023)


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What is Catana Group Long-Term Capital Lease Obligation?

Catana Group's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was €1.9 Mil.

Catana Group's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 (€1.7 Mil) to Feb. 2023 (€1.6 Mil) but then increased from Feb. 2023 (€1.6 Mil) to Aug. 2023 (€1.9 Mil).

Catana Group's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (€2.1 Mil) to Aug. 2022 (€1.7 Mil) but then increased from Aug. 2022 (€1.7 Mil) to Aug. 2023 (€1.9 Mil).

Catana Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Catana Group'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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Catana Group Long-Term Capital Lease Obligation Chart

Catana Group Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.50 2.75 2.11 1.69 1.91

Catana Group Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.11 1.91 1.69 1.63 1.91

Catana Group  (XPAR:CATG) 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.

Catana Group Long-Term Capital Lease Obligation Related Terms

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Catana Group (XPAR:CATG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Catana Group SA (XPAR:CATG) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
XPAR:ALFPC BC THO TSX:DOO PII HOG XPAR:TRI SHSE:603129 LCII WGO SHSE:603766 MIL:SL XSWX:PKTM TPE:8478 XPAR:BEN HKSE:09638 NZSE:THL MBUU MPX MCFT
Traded in Other Exchanges
2HU:Germany
Address
2 Rue Albert Einstein, BP 3110 Cedex1, La Rochelle, FRA, 17033
Website
http://www.catana.com
Catana Group SA is engaged in designing, construction, and marketing luxury pleasure boats in France and internationally. The company offers luxury catamarans under the Catana and Bali brand names. It also provides refitting, repair, and maintenance services for boats; and hires boats and boat-mooring places, as well as offers security services.