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Schneider Electric SE (Schneider Electric SE) Long-Term Capital Lease Obligation : $0 Mil (As of Dec. 2023)


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What is Schneider Electric SE Long-Term Capital Lease Obligation?

Schneider Electric SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil.


Schneider Electric SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for Schneider Electric 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.

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Schneider Electric SE Long-Term Capital Lease Obligation Chart

Schneider Electric SE Annual Data
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Long-Term Capital Lease Obligation
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Schneider Electric SE Semi-Annual Data
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Schneider Electric SE  (OTCPK:SBGSY) 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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Schneider Electric SE (Schneider Electric SE) Business Description

Address
35, rue Joseph Monier - CS 30323, Rueil Malmaison, FRA, F-92506
Schneider Electric is a leading global supplier of electrical and industrial automation equipment. The group has four end-markets Buildings, Data Centers, Infrastructure and Industry, each of which rely on Schneider's products and solutions to ensure their operations run safely and efficiently. Schneider sells its products via distributors (45% of revenue), direct to customers (40% of revenue) and the remainder through other channels such as panel builders of system integrators. The group's largest geographic markets are the U.S., China and India.