TomTom NV (TomTom NV) Long-Term Capital Lease Obligation : $42.4 Mil (As of Mar. 2024)

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What is TomTom NV Long-Term Capital Lease Obligation?

TomTom NV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $42.4 Mil.

TomTom NV's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($42.6 Mil) to Dec. 2023 ($41.9 Mil) but then increased from Dec. 2023 ($41.9 Mil) to Mar. 2024 ($42.4 Mil).

TomTom NV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($22.6 Mil) to Dec. 2022 ($28.2 Mil) and increased from Dec. 2022 ($28.2 Mil) to Dec. 2023 ($41.9 Mil).

TomTom NV Long-Term Capital Lease Obligation Historical Data

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

TomTom NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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25.03

35.04

22.60

28.24

41.92

TomTom NV 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															27.03	44.77	42.64	41.92	42.44

TomTom NV (OTCPK:TMOAY) 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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TomTom NV (TomTom NV) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » TomTom NV (OTCPK:TMOAY) » Definitions » Long-Term Capital Lease Obligation

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TMOAF:USA TOM2:Netherlands TOM2a:UK 0MKS:UK OEMA:Germany

Address

De Ruijterkade 154, Amsterdam, NLD, 1011 AC

Website

https://www.tomtom.com

TomTom NV is a software company specializing in Developing and selling navigation and location-based products and services, including maps, traffic, navigation software, and portable navigation devices. The company operates in two reporting segments; Location Technology and Consumer. The Location Technology Segment is engaged in developing and selling location-based application components such as maps, services, and navigation software to customers in different market segments. The Consumer segment generates revenue mainly from the sale of portable navigation devices and mobile applications. The majority of revenue is derived from Location Technology Segment.

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