Ideal Holdings (ATH:INTEK) Long-Term Capital Lease Obligation : €1.35 Mil (As of Jun. 2023)

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What is Ideal Holdings Long-Term Capital Lease Obligation?

Ideal Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €1.35 Mil.

Ideal Holdings's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (€1.97 Mil) to Jun. 2022 (€1.78 Mil) and declined from Jun. 2022 (€1.78 Mil) to Jun. 2023 (€1.35 Mil).

Ideal Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2019 (€0.27 Mil) to Dec. 2020 (€0.27 Mil) and increased from Dec. 2020 (€0.27 Mil) to Dec. 2021 (€1.97 Mil).

Ideal Holdings Long-Term Capital Lease Obligation Historical Data

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

Ideal Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

0.27

1.97

Ideal Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.27	-	1.97	1.78	1.35

Ideal Holdings (ATH:INTEK) 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.

Ideal Holdings Long-Term Capital Lease Obligation Related Terms

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Ideal Holdings (ATH:INTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ideal Holdings SA (ATH:INTEK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Creon 25, Athens, GRC, 10442

Website

https://www.idealholdings.gr

Ideal Holdings SA is engaged in the distribution of white home appliances, IT products and distribution of specialized software products.

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