Asseco Poland (Asseco Poland) Long-Term Capital Lease Obligation : $129 Mil (As of Dec. 2023)

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What is Asseco Poland Long-Term Capital Lease Obligation?

Asseco Poland's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $129 Mil.

Asseco Poland's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($14 Mil) to Sep. 2023 ($13 Mil) but then increased from Sep. 2023 ($13 Mil) to Dec. 2023 ($129 Mil).

Asseco Poland's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($151 Mil) to Dec. 2022 ($133 Mil) and declined from Dec. 2022 ($133 Mil) to Dec. 2023 ($129 Mil).

Asseco Poland Long-Term Capital Lease Obligation Historical Data

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

Asseco Poland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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117.07

135.02

151.23

132.76

128.72

Asseco Poland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															132.76	129.64	13.83	13.44	128.72

Asseco Poland (OTCPK:ASOZY) 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.

Asseco Poland Long-Term Capital Lease Obligation Related Terms

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Asseco Poland (Asseco Poland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asseco Poland SA (OTCPK:ASOZY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

ACP:Poland SFB1:Germany SFB1:Germany

Address

14 Olchowa Street, Rzeszow, POL, 35-322

Website

http://www.asseco.pl

Asseco Poland SA is the Polish subsidiary of the multinational Asseco Group, which has a presence in Europe and Israel. The firm develops sector-specific software for banking and finance, and executes large IT projects for healthcare, insurance, and other sectors in public administration. Asseco's flagship product for the banking sector is the comprehensive IT suite def3000, used by financial institutions in Poland. The firm also provides IT consulting, systems integration, and implementation services for large and midsize industrial enterprises. A large majority of the firm's revenue is generated through proprietary software licenses from Polish institutions.

Asseco Poland (Asseco Poland) Headlines

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