Hubbell (FRA:HUEC) Long-Term Capital Lease Obligation : €106 Mil (As of Mar. 2024)

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What is Hubbell Long-Term Capital Lease Obligation?

Hubbell's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €106 Mil.

Hubbell's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€101 Mil) to Dec. 2023 (€109 Mil) but then declined from Dec. 2023 (€109 Mil) to Mar. 2024 (€106 Mil).

Hubbell's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€52 Mil) to Dec. 2022 (€80 Mil) and increased from Dec. 2022 (€80 Mil) to Dec. 2023 (€109 Mil).

Hubbell Long-Term Capital Lease Obligation Historical Data

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

Hubbell Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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64.53

59.10

51.60

80.15

108.94

Hubbell Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															80.98	77.35	100.82	108.94	106.26

Hubbell (FRA:HUEC) 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.

Hubbell Long-Term Capital Lease Obligation Related Terms

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Hubbell (FRA:HUEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hubbell Inc (FRA:HUEC) » Definitions » Long-Term Capital Lease Obligation

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HUBB:USA

Address

40 Waterview Drive, Shelton, CT, USA, 06484

Website

https://www.hubbell.com

Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments: electrical and power systems. The consolidated business sells about two thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.

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