Forvia SE (XPAR:FRVIA) Long-Term Capital Lease Obligation : €837 Mil (As of Dec. 2023)

View and export this data going back to 1989. Start your Free Trial

What is Forvia SE Long-Term Capital Lease Obligation?

Forvia SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €837 Mil.

Forvia SE's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€1,049 Mil) to Jun. 2023 (€912 Mil) and declined from Jun. 2023 (€912 Mil) to Dec. 2023 (€837 Mil).

Forvia SE's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€833 Mil) to Dec. 2022 (€1,049 Mil) but then declined from Dec. 2022 (€1,049 Mil) to Dec. 2023 (€837 Mil).

Forvia SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for Forvia SE'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.

Forvia SE Long-Term Capital Lease Obligation Chart

Forvia SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

732.30

794.00

833.10

1,049.20

836.50

Forvia SE 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															833.10	1,017.80	1,049.20	912.30	836.50

Forvia SE (XPAR:FRVIA) 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.

Forvia SE Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Forvia SE's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Forvia SE (XPAR:FRVIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Forvia SE (XPAR:FRVIA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FURCF:USA 1FRVIA:Italy FRVIAp:UK 0MGR:UK FAU:Germany

Address

23-27 avenue des Champs-Pierreux, Nanterre, FRA, 92000

Website

https://www.faurecia.com

Forvia operates in automotive seating, interior systems, emission control technologies, electronics, lighting, and a segment called lifecycle solutions that does automotive-related recycling. The company has a global presence, with over 300 industrial facilities and 63 R&D centers in more than 40 countries, but much of its workforce is located in high-cost countries. Forvia's five largest customers by percentage of 2022 revenue are Volkswagen at 15.4%, Stellantis at 11.7%, Ford at 7.7%, the Renault-Nissan-Mitsubishi Alliance at 6.2%, and Mercedes-Benz at 6.1%. Geographically, Europe accounted for 44% of 2022 revenue, followed by North America at 25%, China at 21%, and all other regions at 10%.

Forvia SE (XPAR:FRVIA) Headlines

No Headlines