Adesso SE (Adesso SE) Long-Term Capital Lease Obligation : $161 Mil (As of Dec. 2023)

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What is Adesso SE Long-Term Capital Lease Obligation?

Adesso SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $161 Mil.

Adesso SE's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($121 Mil) to Jun. 2023 ($132 Mil) and increased from Jun. 2023 ($132 Mil) to Dec. 2023 ($161 Mil).

Adesso SE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($137 Mil) to Dec. 2022 ($121 Mil) but then increased from Dec. 2022 ($121 Mil) to Dec. 2023 ($161 Mil).

Adesso SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for Adesso 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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Adesso SE Long-Term Capital Lease Obligation Chart

Adesso SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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68.52

81.20

136.82

121.20

161.17

Adesso SE 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															136.82	127.01	121.20	132.06	161.17

Adesso SE (OTCPK:ADSGF) 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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Adesso SE (Adesso SE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Adesso SE (OTCPK:ADSGF) » Definitions » Long-Term Capital Lease Obligation

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ADN1d:UK ADN1:Germany

Address

Adessoplatz 1, Dortmund, NW, DEU, 44269

Website

https://www.adesso.de

Adesso SE is a German IT service provider company. The company offers consulting and software development services for optimising core business processes. It also offers ready-to-use software products for standard applications. The company generates most of its sales revenue through consulting and software development in Germany. It has two segments, namely, IT Services and IT Solutions. The IT Services segment offers customised, project-oriented services in the areas of consulting and software development. The IT Solutions segment markets its own solutions as homegrown products or standard software products. The IT service segment generates majority of revenue.

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