KHNGF (Kuehne + Nagel International AG) Long-Term Capital Lease Obligation : $1,771 Mil (As of Sep. 2024)

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What is Kuehne + Nagel International AG Long-Term Capital Lease Obligation?

Kuehne + Nagel International AG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,771 Mil.

Kuehne + Nagel International AG's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 ($1,681 Mil) to Jun. 2024 ($1,689 Mil) and increased from Jun. 2024 ($1,689 Mil) to Sep. 2024 ($1,771 Mil).

Kuehne + Nagel International AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,143 Mil) to Dec. 2022 ($1,101 Mil) but then increased from Dec. 2022 ($1,101 Mil) to Dec. 2023 ($1,304 Mil).

Kuehne + Nagel International AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kuehne + Nagel International 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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Kuehne + Nagel International AG Long-Term Capital Lease Obligation Chart

Kuehne + Nagel International AG Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,457.36

1,294.46

1,143.32

1,101.33

1,304.35

Kuehne + Nagel International AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,279.46	1,304.35	1,681.30	1,689.42	1,770.54

Kuehne + Nagel International AG (OTCPK:KHNGF) 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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Kuehne + Nagel International AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kuehne + Nagel International AG (OTCPK:KHNGF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KHNGY:USA KNINz:UK 0QMW:UK KNIU:Germany KNIN:Switzerland

Address

Dorfstrasse 50, P.O. Box 67, Schindellegi, CHE, CH-8834

Website

http://www.kuehne-nagel.com

Kuehne + Nagel is a global transportation and logistics company based in Switzerland and founded in 1890. KN is the largest sea freight forwarder globally, and holds the number-two spot in air freight. Sea freight has traditionally constituted the largest part of the business, contributing almost half of group revenue in 2022. The company's goal is to become a more balanced, fully integrated freight forwarder while continually improving its end-to-end offering to its clients.