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Sino-German United AG (FRA:SGU) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2023)


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What is Sino-German United AG Long-Term Capital Lease Obligation?

Sino-German United AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil.


Sino-German United AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sino-German United 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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Sino-German United AG Long-Term Capital Lease Obligation Chart

Sino-German United AG Annual Data
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Long-Term Capital Lease Obligation
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Sino-German United AG Semi-Annual Data
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Sino-German United AG  (FRA:SGU) 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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Sino-German United AG (FRA:SGU) Business Description

Traded in Other Exchanges
Address
Maximilianstraße 54, Munich, BY, DEU, 80538
Sino-German United AG is a trading company that focuses on the Chinese and German markets. The trading division of Sino-German United AG is currently focused on the trade in German consumer goods of daily use, Essentially the export of German premium beer to China. In addition, advising German and Chinese companies is part of the Corporate expertise to establish cooperation in economic and cultural promotion areas between China and Germany.