Asseco Business Solutions (WAR:ABS) Long-Term Capital Lease Obligation : zł43.3 Mil (As of Mar. 2024)

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What is Asseco Business Solutions Long-Term Capital Lease Obligation?

Asseco Business Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was zł43.3 Mil.

Asseco Business Solutions's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (zł41.6 Mil) to Dec. 2023 (zł41.8 Mil) and increased from Dec. 2023 (zł41.8 Mil) to Mar. 2024 (zł43.3 Mil).

Asseco Business Solutions's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (zł53.6 Mil) to Dec. 2022 (zł43.3 Mil) and declined from Dec. 2022 (zł43.3 Mil) to Dec. 2023 (zł41.8 Mil).

Asseco Business Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for Asseco Business Solutions'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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Asseco Business Solutions Long-Term Capital Lease Obligation Chart

Asseco Business Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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46.86

43.73

53.60

43.27

41.78

Asseco Business Solutions Quarterly Data
	Jun19	Sep19	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															43.81	43.78	41.61	41.78	43.31

Asseco Business Solutions (WAR:ABS) 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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Asseco Business Solutions (WAR:ABS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Business Solutions SA (WAR:ABS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

9QQ:Germany

Address

ul. Konrada Wallenroda 4c, Lublin, POL, 20-607

Website

http://www.assecobs.pl

Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.

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