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IQGeo Group (STU:6KN) Long-Term Capital Lease Obligation : €1.57 Mil (As of Dec. 2023)


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What is IQGeo Group Long-Term Capital Lease Obligation?

IQGeo Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.57 Mil.

IQGeo Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€1.70 Mil) to Jun. 2023 (€1.14 Mil) but then increased from Jun. 2023 (€1.14 Mil) to Dec. 2023 (€1.57 Mil).

IQGeo Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€1.69 Mil) to Dec. 2022 (€1.70 Mil) but then declined from Dec. 2022 (€1.70 Mil) to Dec. 2023 (€1.57 Mil).


IQGeo Group Long-Term Capital Lease Obligation Historical Data

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

IQGeo Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.81 1.69 1.70 1.57

IQGeo Group 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 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 Premium Member Only Premium Member Only 1.69 1.73 1.70 1.14 1.57

IQGeo Group  (STU:6KN) 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.

IQGeo Group Long-Term Capital Lease Obligation Related Terms

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IQGeo Group (STU:6KN) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » IQGeo Group PLC (STU:6KN) » Definitions » Long-Term Capital Lease Obligation
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Address
Nine Hills Road, Cambridge, GBR, CB2 1GE
IQGeo Group PLC is a provider of mobile geospatial software. It delivers software solutions that integrate data from any source - geographic, real-time asset, GPS, location, corporate, and external cloud-based sources into a live geospatial common operating picture. The company generates revenue from Subscriptions, Maintenance and support, and Services. Geographically, it derives a majority of its revenue from the USA and also has a presence in Canada, Japan, the UK, Europe, and the Rest of the world. Its products include Fiber Planning, Inspection and Survey, myWorld Platform, myWorld for a sales force, and others.

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