iQ International AG (iQ International AG) Long-Term Capital Lease Obligation : $0.13 Mil (As of Jun. 2020)

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What is iQ International AG Long-Term Capital Lease Obligation?

iQ International AG's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $0.13 Mil.

iQ International AG's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2018 ($0.00 Mil) to Jun. 2019 ($0.00 Mil) but then increased from Jun. 2019 ($0.00 Mil) to Jun. 2020 ($0.13 Mil).

iQ International AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for iQ International AG'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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iQ International AG Long-Term Capital Lease Obligation Chart

iQ International AG Annual Data

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Long-Term Capital Lease Obligation

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iQ International AG Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec18	Jun19	Jun20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.13

iQ International AG (OTCPK:IQWLF) 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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iQ International AG (iQ International AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » iQ International AG (OTCPK:IQWLF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

Landis + Gyr Strasse 1, Zug, CHE, 6300

Website

https://www.iqint.com

iQ International AG is a Switzerland-based technology company focusing on the manufacturing, distribution, and development of efficient lead acid batteries for the automotive SLI (Starting-Lighting-Ignition) and storage markets using patented, eco-friendly technologies that prevent acid stratification and corrosion. In addition, the company provides consulting services to licensees and manufacturers of vehicle batteries and advanced energy systems. The company has two reportable segments which are batteries and licensing. The batteries segment comprises the sale of production batteries and the trade of batteries for the automotive SLI. Royalties from patented, eco-friendly technologies that prevent acid stratification and corrosion are achieved from third-party licensees.

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