Velan (FRA:946) Long-Term Capital Lease Obligation : €10.2 Mil (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Velan Long-Term Capital Lease Obligation?

Velan's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €10.2 Mil.

Velan's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (€10.5 Mil) to Nov. 2023 (€10.3 Mil) and declined from Nov. 2023 (€10.3 Mil) to Feb. 2024 (€10.2 Mil).

Velan's annual Long-Term Capital Lease Obligation declined from Feb. 2022 (€9.8 Mil) to Feb. 2023 (€8.8 Mil) but then increased from Feb. 2023 (€8.8 Mil) to Feb. 2024 (€10.2 Mil).

Velan Long-Term Capital Lease Obligation Historical Data

The historical data trend for Velan'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.

* Premium members only.

Velan Long-Term Capital Lease Obligation Chart

Velan Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

10.07

10.46

9.76

8.83

10.23

Velan Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.83	8.46	10.50	10.26	10.23

Velan (FRA:946) 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.

Velan Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Velan's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Velan (FRA:946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (FRA:946) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VLNSF:USA VLN:Canada

Address

7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2

Website

https://www.velan.com

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.

Velan (FRA:946) Headlines

No Headlines