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BolognaFiere SpA (MIL:BF) Long-Term Capital Lease Obligation : €14.73 Mil (As of Dec. 2023)


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What is BolognaFiere SpA Long-Term Capital Lease Obligation?

BolognaFiere SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €14.73 Mil.

BolognaFiere SpA's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€10.96 Mil) to Jun. 2023 (€13.08 Mil) and increased from Jun. 2023 (€13.08 Mil) to Dec. 2023 (€14.73 Mil).

BolognaFiere SpA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€13.79 Mil) to Dec. 2022 (€10.96 Mil) but then increased from Dec. 2022 (€10.96 Mil) to Dec. 2023 (€14.73 Mil).


BolognaFiere SpA Long-Term Capital Lease Obligation Historical Data

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

BolognaFiere SpA Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
13.79 10.96 14.73

BolognaFiere SpA Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation 13.79 - 10.96 13.08 14.73

BolognaFiere SpA  (MIL:BF) 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.

BolognaFiere SpA Long-Term Capital Lease Obligation Related Terms

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BolognaFiere SpA (MIL:BF) Business Description

Industry
Comparable Companies
Traded in Other Exchanges
N/A
Address
Viale della Fiera, 20, Bologna, ITA, 40127
BolognaFiere SpA is an exhibition operator in Italy. It covers the full industry supply chain - trade fair and event organisation, venue management, booth installation, and architecture - operating in over 10 countries in 3 continents (Europe, Asia, and America). The Group operates both in Italy and internationally, organizing exhibition events and providing installation and architecture services in more than 15 foreign countries (including Germany, France, Switzerland, USA, Mexico, China, India, Thailand, United Arab Emirates, etc.

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