SIG Group AG (XSWX:SIGN) Long-Term Capital Lease Obligation : CHF187 Mil (As of Dec. 2023)

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What is SIG Group AG Long-Term Capital Lease Obligation?

SIG Group AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF187 Mil.

SIG Group AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (CHF188 Mil) to Jun. 2023 (CHF183 Mil) but then increased from Jun. 2023 (CHF183 Mil) to Dec. 2023 (CHF187 Mil).

SIG Group AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (CHF159 Mil) to Dec. 2022 (CHF188 Mil) but then declined from Dec. 2022 (CHF188 Mil) to Dec. 2023 (CHF187 Mil).

SIG Group AG Long-Term Capital Lease Obligation Historical Data

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

SIG Group AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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45.53

132.94

159.22

188.49

187.48

SIG Group AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								159.22	164.30	188.49	182.71	187.48

SIG Group AG (XSWX:SIGN) 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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SIG Group AG (XSWX:SIGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SIG Group AG (XSWX:SIGN) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SIGCY:USA SCBGF:USA SIGNz:UK 0P4G:UK

Address

Laufengasse 18, Neuhausen am Rheinfall, CHE, 8212

Website

https://www.sig.biz

SIG Group AG is a systems and solutions provider for aseptic carton packaging solutions, comprising filling machines, sleeves, and closures as well as after-market services. Its geographical segments include Europe, the Middle East and Africa (MEA), Asia Pacific (APAC), and the Americas. It generates maximum revenue from the Europe segment. The company offers packaging solutions for the beverages and food industry.

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