Landis+Gyr Group AG (XSWX:LAND) Long-Term Capital Lease Obligation : CHF60 Mil (As of Mar. 2024)

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What is Landis+Gyr Group AG Long-Term Capital Lease Obligation?

Landis+Gyr Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was CHF60 Mil.

Landis+Gyr Group AG's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (CHF76 Mil) to Sep. 2023 (CHF69 Mil) and declined from Sep. 2023 (CHF69 Mil) to Mar. 2024 (CHF60 Mil).

Landis+Gyr Group AG's annual Long-Term Capital Lease Obligation declined from Mar. 2022 (CHF84 Mil) to Mar. 2023 (CHF76 Mil) and declined from Mar. 2023 (CHF76 Mil) to Mar. 2024 (CHF60 Mil).

Landis+Gyr Group AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Landis+Gyr Group AG'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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Landis+Gyr Group AG Long-Term Capital Lease Obligation Chart

Landis+Gyr Group AG Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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57.06

88.60

84.19

75.97

60.47

Landis+Gyr Group AG Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													84.19	81.23	75.97	69.40	60.47

Landis+Gyr Group AG (XSWX:LAND) 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.

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Landis+Gyr Group AG (XSWX:LAND) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Landis+Gyr Group AG (XSWX:LAND) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

LDGYY:USA LANDz:UK

Address

Alte Steinhauserstrasse 18, Cham, CHE, CH-6330

Website

https://www.landisgyr.com

Landis+Gyr Group AG is a provider of integrated energy management products tailored to an energy company. It offers electricity meters, heat and cooling meters, software services and custom solutions, grid management, and communication networks. The company's geographical segment includes the Americas, EMEA, and the Asia Pacific. The Americas segment designs, manufactures, markets, and sells the company's Gridstream and advanced meter solutions, digital electricity meters, and other related services. The EMEA segment sells the company's prepayment electricity meters, gas meters, and other services, and The Asia Pacific segment sells the company's load control devices, system deployment services, and related services. It generates a majority of its revenue from the Americas & EMEA segments.