Somfy (XPAR:SO) Long-Term Capital Lease Obligation : €46 Mil (As of Jun. 2022)

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What is Somfy Long-Term Capital Lease Obligation?

Somfy's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was €46 Mil.

Somfy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2021 (€48 Mil) to Dec. 2021 (€41 Mil) but then increased from Dec. 2021 (€41 Mil) to Jun. 2022 (€46 Mil).

Somfy's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2019 (€0 Mil) to Dec. 2020 (€0 Mil) but then increased from Dec. 2020 (€0 Mil) to Dec. 2021 (€41 Mil).

Somfy Long-Term Capital Lease Obligation Historical Data

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

Somfy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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40.51

Somfy Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	48.09	40.51	46.15

Somfy (XPAR:SO) 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.

Somfy Long-Term Capital Lease Obligation Related Terms

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Somfy (XPAR:SO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Somfy SA (XPAR:SO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Avenue du Nouveau-Monde, BP 152, Cluses, FRA, 74307

Website

https://www.somfy-group.com

Somfy SA is a French company that manufactures controls, motors, and automatic sensors for openings and closures of doors, windows, and other fixtures of commercial and residential buildings. It also operates across Europe, the Middle East, Africa, Asia-Pacific, and the Americas through a variety of subsidiaries and affiliated companies. The majority of the company's revenue is derived from sales in France. The company's product range includes rolling shutters, storefront grills, controls for awnings, Venetian blinds, interior window coverings, and alarm systems.