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Ekotechnika AG (XTER:ETE) Long-Term Capital Lease Obligation : €1.2 Mil (As of Sep. 2023)


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What is Ekotechnika AG Long-Term Capital Lease Obligation?

Ekotechnika AG's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €1.2 Mil.

Ekotechnika AG's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (€2.4 Mil) to Mar. 2023 (€1.8 Mil) and declined from Mar. 2023 (€1.8 Mil) to Sep. 2023 (€1.2 Mil).

Ekotechnika AG's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€1.1 Mil) to Sep. 2022 (€2.4 Mil) but then declined from Sep. 2022 (€2.4 Mil) to Sep. 2023 (€1.2 Mil).


Ekotechnika AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ekotechnika 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.

* Premium members only.

Ekotechnika AG Long-Term Capital Lease Obligation Chart

Ekotechnika AG Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only - 1.18 1.09 2.42 1.23

Ekotechnika AG Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 1.18 2.42 1.76 1.23

Ekotechnika AG  (XTER:ETE) 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.

Ekotechnika AG Long-Term Capital Lease Obligation Related Terms

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Ekotechnika AG (XTER:ETE) Business Description

Traded in Other Exchanges
N/A
Address
Johann-Jakob-Astor-Strasse 49, Walldorf, BW, DEU, 69190
Ekotechnika AG is a dealer of agricultural machinery. The company offers tractors, milking machines, spare parts, customer service and smart farming. Its business segments are classified into new machinery, spare parts, service, and smart farming. Its geographical segments include the Central region, Black earth region, and Siberian region. Majority of its revenue derived from Central region segment.
Executives
Lars Bjarne Buwitt Supervisory Board

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