BSFFF (Basic-Fit NV) Long-Term Capital Lease Obligation : $1,559 Mil (As of Jun. 2024)

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What is Basic-Fit NV Long-Term Capital Lease Obligation?

Basic-Fit NV's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1,559 Mil.

Basic-Fit NV's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($1,412 Mil) to Dec. 2023 ($1,532 Mil) and increased from Dec. 2023 ($1,532 Mil) to Jun. 2024 ($1,559 Mil).

Basic-Fit NV's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($1,253 Mil) to Dec. 2022 ($1,340 Mil) and increased from Dec. 2022 ($1,340 Mil) to Dec. 2023 ($1,532 Mil).

Basic-Fit NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Basic-Fit NV'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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Basic-Fit NV Long-Term Capital Lease Obligation Chart

Basic-Fit NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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963.05

1,232.96

1,253.13

1,340.13

1,532.49

Basic-Fit NV Quarterly Data
	Jun15	Dec15	Mar16	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															1,203.24	1,340.13	1,411.79	1,532.49	1,559.23

Basic-Fit NV (OTCPK:BSFFF) 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.

Basic-Fit NV Long-Term Capital Lease Obligation Related Terms

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Basic-Fit NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Basic-Fit NV (OTCPK:BSFFF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

BFIT:Netherlands BFITa:UK 0RHD:UK B4F:Germany

Address

Wegalaan 60, Hoofddorp, NH, NLD, 2132 JC

Website

https://www.corporate.basic-fit.com

Basic-Fit NV is in the business of operating fitness clubs. It follows a straightforward membership model with Easy, Smart, and Flex formats with different payment options and duration. It has five operating segments: the Netherlands, Belux (Belgium and Luxembourg)France, Spain, and Germany.