Soluciones Cuatroochenta (XMAD:480S) Long-Term Capital Lease Obligation : €0.58 Mil (As of Dec. 2023)

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What is Soluciones Cuatroochenta Long-Term Capital Lease Obligation?

Soluciones Cuatroochenta's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.58 Mil.

Soluciones Cuatroochenta's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€0.77 Mil) to Jun. 2023 (€0.00 Mil) but then increased from Jun. 2023 (€0.00 Mil) to Dec. 2023 (€0.58 Mil).

Soluciones Cuatroochenta's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.00 Mil) to Dec. 2022 (€0.77 Mil) but then declined from Dec. 2022 (€0.77 Mil) to Dec. 2023 (€0.58 Mil).

Soluciones Cuatroochenta Long-Term Capital Lease Obligation Historical Data

The historical data trend for Soluciones Cuatroochenta'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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Soluciones Cuatroochenta Long-Term Capital Lease Obligation Chart

Soluciones Cuatroochenta Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.77

0.58

Soluciones Cuatroochenta Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial				-	-	0.77	-	0.58

Soluciones Cuatroochenta (XMAD:480S) 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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Soluciones Cuatroochenta (XMAD:480S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Soluciones Cuatroochenta SA (XMAD:480S) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Edificio Espaitec 2, Universitat Jaume I, Avenida de Vicent Sos Baynat s / n, Castellon, ESP, 12071

Website

https://www.cuatroochenta.com

Soluciones Cuatroochenta SA is a technology company developing and implementing digital cloud solutions to meet the challenges and objectives of its clients located in Europe and Latin America. The company, which started as an app development company, has become a solvent technological partner undertaking digital transformations with the powerful management and cybersecurity solutions. This omnichannel service can be tailored to the needs of each organization in order to improve their performance. Its main business models are the development of ad hoc apps for third parties, its own products such as Sefici (process optimization with app and web technology) and 480interactive (software to create apps without programming knowledge), revenue agreements share and participated projects.

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