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Zaptec ASA (FRA:6I4) Long-Term Capital Lease Obligation : €3.7 Mil (As of Mar. 2024)


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What is Zaptec ASA Long-Term Capital Lease Obligation?

Zaptec ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3.7 Mil.

Zaptec ASA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0.4 Mil) to Dec. 2023 (€3.8 Mil) but then declined from Dec. 2023 (€3.8 Mil) to Mar. 2024 (€3.7 Mil).

Zaptec ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1.1 Mil) to Dec. 2022 (€1.0 Mil) but then increased from Dec. 2022 (€1.0 Mil) to Dec. 2023 (€3.8 Mil).


Zaptec ASA Long-Term Capital Lease Obligation Historical Data

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

Zaptec ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - - 1.15 1.01 3.80

Zaptec ASA Quarterly Data
Dec17 Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 0.52 0.44 3.80 3.67

Zaptec ASA  (FRA:6I4) 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.

Zaptec ASA Long-Term Capital Lease Obligation Related Terms

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Zaptec ASA (FRA:6I4) Business Description

Industry
Traded in Other Exchanges
Address
Professor Olav Hanssens vei 7A, Stavanger, NOR, 4021
Zaptec ASA is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables a large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.

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