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Meier Tobler Group AG (XSWX:MTG) Long-Term Capital Lease Obligation : CHF0.0 Mil (As of Dec. 2023)


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What is Meier Tobler Group AG Long-Term Capital Lease Obligation?

Meier Tobler Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF0.0 Mil.


Meier Tobler Group AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Meier Tobler 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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Meier Tobler Group AG Long-Term Capital Lease Obligation Chart

Meier Tobler Group AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Meier Tobler Group AG Semi-Annual Data
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Meier Tobler Group AG  (XSWX:MTG) 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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Meier Tobler Group AG (XSWX:MTG) Business Description

Traded in Other Exchanges
Address
Feldstrasse 11, Nebikon, CHE, 6244
Meier Tobler Group AG is a Switzerland based company. Along with its subsidiaries, it is a wholesale and manufacturing technology group with a core focus on manufacturing and climate technology. The firm provides consultancy services and systems for building service planners, installers, architects and builders. Its products include heat pumps, chillers, dry coolers, air heaters, chilled beams, water heater, sewage systems, floor and underfloor convectors, among others. It also offers heating, ventilation, and air services and maintenance.