Adtran Networks SE (WBO:ADV) Long-Term Capital Lease Obligation : €13.7 Mil (As of Jun. 2023)

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What is Adtran Networks SE Long-Term Capital Lease Obligation?

Adtran Networks SE's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €13.7 Mil.

Adtran Networks SE's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€15.6 Mil) to Mar. 2023 (€14.2 Mil) and declined from Mar. 2023 (€14.2 Mil) to Jun. 2023 (€13.7 Mil).

Adtran Networks SE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€19.0 Mil) to Dec. 2022 (€15.6 Mil) but then increased from Dec. 2022 (€15.6 Mil) to Dec. 2023 (€25.3 Mil).

Adtran Networks SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adtran Networks SE'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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Adtran Networks SE Long-Term Capital Lease Obligation Chart

Adtran Networks SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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28.35

22.00

19.01

15.55

25.27

Adtran Networks SE Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															17.60	15.55	14.19	13.73	25.27

Adtran Networks SE (WBO:ADV) 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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Adtran Networks SE (WBO:ADV) Business Description

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ADVOF:USA 0NOL:UK ADV:Germany

Address

Campus Martinsried, Fraunhoferstrasse 9a, Munich, BY, DEU, 82152

Website

https://www.adva.com

Adtran Networks SE Formerly ADVA Optical Networking SE develops, manufactures, and sells optical and Ethernet-based networking solutions to telecommunications carriers and enterprises. These systems are used by telecommunications service providers, private companies, universities, and government agencies. Some of its product categories are Open optical transport, Packet edge and aggregation, Disaggregated networking, Network virtualization, Network infrastructure assurance, and Automated network management. ADVA's geographical segments are Germany; the Rest of Europe, the Middle East and Africa; the Americas; and Asia-Pacific.