Racing Force SpA (XPAR:ALRFG) Long-Term Capital Lease Obligation : €3.08 Mil (As of Dec. 2023)

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What is Racing Force SpA Long-Term Capital Lease Obligation?

Racing Force SpA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.08 Mil.

Racing Force SpA's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€2.62 Mil) to Jun. 2023 (€2.33 Mil) but then increased from Jun. 2023 (€2.33 Mil) to Dec. 2023 (€3.08 Mil).

Racing Force SpA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2.00 Mil) to Dec. 2022 (€2.62 Mil) and increased from Dec. 2022 (€2.62 Mil) to Dec. 2023 (€3.08 Mil).

Racing Force SpA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Racing Force SpA'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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Racing Force SpA Long-Term Capital Lease Obligation Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

3.41

2.00

2.62

3.08

Racing Force SpA Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			2.00	2.03	2.62	2.33	3.08

Racing Force SpA (XPAR:ALRFG) 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.

Racing Force SpA Long-Term Capital Lease Obligation Related Terms

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Racing Force SpA (XPAR:ALRFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (XPAR:ALRFG) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

RFG:Italy

Address

via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019

Website

https://www.racingforce.com

Racing Force SpA is engaged in the field of design and manufacture of motorsport safety products. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.

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