Vrancart (BSE:VNC) Long-Term Capital Lease Obligation : lei22.0 Mil (As of Mar. 2024)

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What is Vrancart Long-Term Capital Lease Obligation?

Vrancart's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was lei22.0 Mil.

Vrancart's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (lei15.7 Mil) to Sep. 2023 (lei15.7 Mil) and increased from Sep. 2023 (lei15.7 Mil) to Mar. 2024 (lei22.0 Mil).

Vrancart's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (lei10.6 Mil) to Dec. 2021 (lei17.9 Mil) but then declined from Dec. 2021 (lei17.9 Mil) to Dec. 2022 (lei16.3 Mil).

Vrancart Long-Term Capital Lease Obligation Historical Data

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

Vrancart Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.53

8.44

10.57

17.87

16.35

Vrancart Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.35	15.69	15.68	15.71	21.97

Vrancart (BSE:VNC) 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.

Vrancart Long-Term Capital Lease Obligation Related Terms

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Vrancart (BSE:VNC) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Vrancart SA (BSE:VNC) » Definitions » Long-Term Capital Lease Obligation

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Address

17th Ecaterina Teodoroiu Street, Adjud, Vrancea, ROU, 625100

Website

https://www.vrancart.ro

Vrancart SA manufactures corrugated paper, paperboard, hygiene papers-sanitary and containers of paper. Its activity is represented by the manufacturing and trading of the following products namely single-faced corrugated cardboard, double-faced corrugated cardboard, double-double-faced corrugated cardboard, corrugated cardboard with micro-flutes, die-cut and printed corrugated cardboard packaging of various sizes and paperboards in various assortments.

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