GEK Terna Holding Real Estate Construction (GEK Terna Holding Real Estate Construction) Long-Term Capital Lease Obligation : $84 Mil (As of Dec. 2023)

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What is GEK Terna Holding Real Estate Construction Long-Term Capital Lease Obligation?

GEK Terna Holding Real Estate Construction's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $84 Mil.

GEK Terna Holding Real Estate Construction's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($50 Mil) to Jun. 2023 ($68 Mil) and increased from Jun. 2023 ($68 Mil) to Dec. 2023 ($84 Mil).

GEK Terna Holding Real Estate Construction's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($26 Mil) to Dec. 2022 ($50 Mil) and increased from Dec. 2022 ($50 Mil) to Dec. 2023 ($84 Mil).

GEK Terna Holding Real Estate Construction Long-Term Capital Lease Obligation Historical Data

The historical data trend for GEK Terna Holding Real Estate Construction'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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GEK Terna Holding Real Estate Construction Long-Term Capital Lease Obligation Chart

GEK Terna Holding Real Estate Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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15.13

18.61

26.45

50.44

83.88

GEK Terna Holding Real Estate Construction Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															26.45	34.24	50.44	67.92	83.88

GEK Terna Holding Real Estate Construction (OTCPK:GKTRF) 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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GEK Terna Holding Real Estate Construction (GEK Terna Holding Real Estate Construction) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GEK Terna Holding Real Estate Construction SA (OTCPK:GKTRF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GEKTERNA:Greece 1GT:Germany

Address

85, Mesogeion Avenue, Athens, GRC, 115 26

Website

https://www.gekterna.com

GEK Terna Holding Real Estate Construction SA is a building construction company engaged in the development and management of investment property. The firm constructs property of any kind, manages self-financed or co-financed projects, operates energy projects, as well as its, participates in companies having similar activities. It operates in seven business segments, Construction, Electricity from RES, Electricity from thermal energy, Real Estate, Industry, Concessions, and Holding. Construction refers to contracts for the construction of technical projects. GEK Terna operates in over 14 countries including Greece, Central and Southeastern Europe, the USA, North Africa, and the Middle East.

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