GL Events (XPAR:GLO) Long-Term Capital Lease Obligation : €463 Mil (As of Dec. 2023)

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What is GL Events Long-Term Capital Lease Obligation?

GL Events's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €463 Mil.

GL Events's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€470 Mil) to Jun. 2023 (€481 Mil) but then declined from Jun. 2023 (€481 Mil) to Dec. 2023 (€463 Mil).

GL Events's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€422 Mil) to Dec. 2022 (€470 Mil) but then declined from Dec. 2022 (€470 Mil) to Dec. 2023 (€463 Mil).

GL Events Long-Term Capital Lease Obligation Historical Data

The historical data trend for GL Events'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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GL Events Long-Term Capital Lease Obligation Chart

GL Events Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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397.86

419.96

421.72

469.58

463.09

GL Events 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															421.72	437.36	469.58	480.68	463.09

GL Events (XPAR:GLO) 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.

GL Events Long-Term Capital Lease Obligation Related Terms

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GL Events (XPAR:GLO) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GL Events (XPAR:GLO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0X5:Germany

Address

59 Quai Rambaud, Lyon, FRA, 69002

Website

http://www.gl-events.com

GL Events is a France-based company engaged in providing integrated solutions and services for events operating across various market segments like conventions, conferences, congresses, cultural, sports and political events, trade shows, and consumer fairs. It has three business divisions namely GL events Live's expertise covers the complete range of business specialisations and services for corporate, institutional and sports events from consulting and design to producing the event. GL events Exhibitions manages and coordinates the group's portfolio of more than 300 proprietary trade fairs covering a wide range of sectors like food industry, culture, textiles, manufacturing. GL events Venues manages a network of 40 venues in France and international destinations.