Van de Velde NV (XBRU:VAN) Long-Term Capital Lease Obligation : €7.4 Mil (As of Dec. 2023)

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What is Van de Velde NV Long-Term Capital Lease Obligation?

Van de Velde NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7.4 Mil.

Van de Velde NV's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€6.1 Mil) to Jun. 2023 (€6.8 Mil) and increased from Jun. 2023 (€6.8 Mil) to Dec. 2023 (€7.4 Mil).

Van de Velde NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€9.0 Mil) to Dec. 2022 (€6.1 Mil) but then increased from Dec. 2022 (€6.1 Mil) to Dec. 2023 (€7.4 Mil).

Van de Velde NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Van de Velde NV'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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Van de Velde NV Long-Term Capital Lease Obligation Chart

Van de Velde NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.27

12.89

8.95

6.12

7.41

Van de Velde NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															8.95	7.07	6.12	6.83	7.41

Van de Velde NV (XBRU:VAN) 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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Van de Velde NV (XBRU:VAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Van de Velde NV (XBRU:VAN) » Definitions » Long-Term Capital Lease Obligation

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VDEVF:USA VO4:Germany

Address

Lageweg 4, Schellebelle, BEL, 9260

Website

https://www.vandevelde.eu

Van de Velde NV primarily designs and produces women's lingerie. Brands include Marie Jo, Primadonna, and Andres Sarda. Van de Velde sells majority of its items through the wholesale channel to independent specialty retailers. The remaining sales are primarily through retail stores the company owns or franchises. Van de Velde sells its products worldwide, and it has retail stores throughout continental Europe, the United Kingdom, the United States, Hong Kong, and Dubai. Van de Velde manufactures its products in Asia and Tunisia.

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