PSB Industries (LTS:0IIA) Long-Term Capital Lease Obligation : €0.4 Mil (As of Dec. 2020)

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What is PSB Industries Long-Term Capital Lease Obligation?

PSB Industries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was €0.4 Mil.

PSB Industries's quarterly Long-Term Capital Lease Obligation increased from Dec. 2019 (€0.8 Mil) to Jun. 2020 (€0.8 Mil) but then declined from Jun. 2020 (€0.8 Mil) to Dec. 2020 (€0.4 Mil).

PSB Industries's annual Long-Term Capital Lease Obligation increased from Dec. 2018 (€0.3 Mil) to Dec. 2019 (€0.8 Mil) but then declined from Dec. 2019 (€0.8 Mil) to Dec. 2020 (€0.4 Mil).

PSB Industries Long-Term Capital Lease Obligation Historical Data

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

PSB Industries Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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0.97

0.35

0.27

0.82

0.45

PSB Industries Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.27	1.13	0.82	0.85	0.45

PSB Industries (LTS:0IIA) 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.

PSB Industries Long-Term Capital Lease Obligation Related Terms

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PSB Industries (LTS:0IIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PSB Industries SA (LTS:0IIA) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Park Nord Immeuble Les Pleiades n 21, Route de la bouvarde, Metz-Tessy, FRA, 74370

Website

http://www.psbindus.com

PSB Industries SA is a holding company, which engages in the packaging of specialty chemicals and cosmetics. It operates its business through the following segments: Luxury and Beauty, Food and Distribution, Specialty Chemicals and Healthcare and Industry. The Luxury and Beauty segment specializes in plastic injection and finishing for the cosmetics and perfume industry. The Food and Distribution segment specializes in the design and manufacture food tray, blister pack, thermoformed packaging. The Specialty Chemicals segment specializes in the production of powders and liquids based on ultra-pure alumina. Healthcare and Industry segment focuses on a primary and secondary market. Most of its revenue is generated in France.

PSB Industries (LTS:0IIA) Headlines

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