SMT Scharf AG (HAM:S4AA) Long-Term Capital Lease Obligation : €2.40 Mil (As of Mar. 2024)

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What is SMT Scharf AG Long-Term Capital Lease Obligation?

SMT Scharf AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €2.40 Mil.

SMT Scharf AG's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€1.89 Mil) to Dec. 2023 (€2.23 Mil) and increased from Dec. 2023 (€2.23 Mil) to Mar. 2024 (€2.40 Mil).

SMT Scharf AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2.20 Mil) to Dec. 2022 (€2.70 Mil) but then declined from Dec. 2022 (€2.70 Mil) to Dec. 2023 (€2.23 Mil).

SMT Scharf AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for SMT Scharf 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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SMT Scharf AG Long-Term Capital Lease Obligation Chart

SMT Scharf AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.11

2.38

2.20

2.70

2.23

SMT Scharf AG 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															2.76	1.93	1.89	2.23	2.40

SMT Scharf AG (HAM:S4AA) 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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SMT Scharf AG (HAM:S4AA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SMT Scharf AG (HAM:S4AA) » Definitions » Long-Term Capital Lease Obligation

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S4AA:Germany

Address

Romerstrasse 104, Hamm, DEU, 59075

Website

https://www.smtscharf.com

SMT Scharf AG is a supplier of rail bound transport systems. The group develops, manufactures, and services transportation equipment and logistics systems for underground mining and tunnel construction. It has four primary segments Coal Mining, Mineral Mining, and Tunnel, Other Industries segment. The company derives the maximum revenue from the Coal Mining segment. Its products categories include Monorail systems, Floor-mounted Rail??, and Rubber wheeled transportation?.

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