KATEK SE (FRA:KTEK) Long-Term Capital Lease Obligation : €34.9 Mil (As of Dec. 2023)

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What is KATEK SE Long-Term Capital Lease Obligation?

KATEK SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €34.9 Mil.

KATEK SE's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (€0.0 Mil) to Sep. 2023 (€0.0 Mil) but then increased from Sep. 2023 (€0.0 Mil) to Dec. 2023 (€34.9 Mil).

KATEK SE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€37.7 Mil) to Dec. 2022 (€33.8 Mil) but then increased from Dec. 2022 (€33.8 Mil) to Dec. 2023 (€34.9 Mil).

KATEK SE Long-Term Capital Lease Obligation Historical Data

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

KATEK SE Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

24.78

37.74

33.83

34.94

KATEK SE Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										33.83	-	-	-	34.94

KATEK SE (FRA:KTEK) 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.

KATEK SE Long-Term Capital Lease Obligation Related Terms

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KATEK SE (FRA:KTEK) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

KTEK:Germany

Address

Promenadeplatz 12, Munchen, BY, DEU, 80333

Website

https://www.katek-group.de

KATEK SE is a German electronics service provider. The key revenue streams are automotive, communication, consumer, industry, energy/solar, and medical technology. It has two segments, The Electronics segment comprises the activities of the Group in the development of hardware and software, prototyping, and the manufacture of high-quality electronics for industrial customers. The Systems & Products segment comprises the same value-added activities, but, in contrast to the Electronics segment, it possesses a number of additional features that together create particular value added (high-value electronics). The majority is from the Electronics segment. Geographically, the majority of revenue is from Germany.

Executives

Dr. Johannes Fues

Board of Directors

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