Quality and Reliability (ATH:QUAL) Long-Term Capital Lease Obligation : €0.42 Mil (As of Jun. 2024)

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What is Quality and Reliability Long-Term Capital Lease Obligation?

Quality and Reliability's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.42 Mil.

Quality and Reliability's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€0.08 Mil) to Dec. 2023 (€0.00 Mil) but then increased from Dec. 2023 (€0.00 Mil) to Jun. 2024 (€0.42 Mil).

Quality and Reliability's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.11 Mil) to Dec. 2022 (€0.05 Mil) and declined from Dec. 2022 (€0.05 Mil) to Dec. 2023 (€0.00 Mil).

Quality and Reliability Long-Term Capital Lease Obligation Historical Data

The historical data trend for Quality and Reliability'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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Quality and Reliability Long-Term Capital Lease Obligation Chart

Quality and Reliability Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.18

0.15

0.11

0.05

Quality and Reliability Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.09	0.05	0.08	-	0.42

Quality and Reliability (ATH:QUAL) 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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Quality and Reliability Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quality and Reliability SA (ATH:QUAL) » Definitions » Long-Term Capital Lease Obligation

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Address

11B Konitsis Street, Marousi, GRC, 15125

Website

http://www.qnr.com.gr

Quality and Reliability SA is engaged in software development and in the provision of integration services for information systems. The company delivers complex Integrated Information Systems for large and mid-size enterprises in the public and private sectors, cutting-edge technology solutions for Financial Institutions, Enterprise web Portals, white label e-Bookstore platforms & label e-commerce solutions, cross-platform Mobile Applications and multi-platform eBook interactive educational authoring tools.