Kinovo (FRA:0D6) Long-Term Capital Lease Obligation : €0.53 Mil (As of Sep. 2023)

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What is Kinovo Long-Term Capital Lease Obligation?

Kinovo's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.53 Mil.

Kinovo's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (€0.44 Mil) to Mar. 2023 (€0.56 Mil) but then declined from Mar. 2023 (€0.56 Mil) to Sep. 2023 (€0.53 Mil).

Kinovo's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (€1.38 Mil) to Mar. 2022 (€0.52 Mil) but then increased from Mar. 2022 (€0.52 Mil) to Mar. 2023 (€0.56 Mil).

Kinovo Long-Term Capital Lease Obligation Historical Data

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

Kinovo Annual Data

Trend

Jan14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.66

1.38

0.52

0.56

Kinovo Semi-Annual Data
	Jan12	Jan13	Jan14	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															1.16	0.52	0.44	0.56	0.53

Kinovo (FRA:0D6) 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.

Kinovo Long-Term Capital Lease Obligation Related Terms

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Kinovo (FRA:0D6) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kinovo PLC (FRA:0D6) » Definitions » Long-Term Capital Lease Obligation

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KINO:UK 0D6:Germany

Address

201 Temple Chambers, 3–7 Temple Avenue, London, GBR, EC4Y 0DT

Website

https://www.kinovoplc.com

Kinovo PLC provides electrical, mechanical, building repair and maintenance, as well as construction services. It focuses on assuring safety and regulatory compliance standards in homes and places of work, creating and enhancing dwellings and workplaces to support sustainable and resilient communities, and providing energy-efficient solutions that reduce carbon footprint.

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