Neogrid Participacoes (BSP:NGRD3) Long-Term Capital Lease Obligation : R$5.4 Mil (As of Dec. 2023)

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What is Neogrid Participacoes Long-Term Capital Lease Obligation?

Neogrid Participacoes's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$5.4 Mil.

Neogrid Participacoes's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (R$5.8 Mil) to Sep. 2023 (R$5.9 Mil) but then declined from Sep. 2023 (R$5.9 Mil) to Dec. 2023 (R$5.4 Mil).

Neogrid Participacoes's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$3.6 Mil) to Dec. 2022 (R$4.0 Mil) and increased from Dec. 2022 (R$4.0 Mil) to Dec. 2023 (R$5.4 Mil).

Neogrid Participacoes Long-Term Capital Lease Obligation Historical Data

The historical data trend for Neogrid Participacoes'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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Neogrid Participacoes Long-Term Capital Lease Obligation Chart

Neogrid Participacoes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.46

2.33

3.57

4.03

5.41

Neogrid Participacoes Quarterly Data
	Dec16	Dec17	Dec18	Sep19	Dec19	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															4.03	4.20	5.82	5.85	5.41

Neogrid Participacoes (BSP:NGRD3) 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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Neogrid Participacoes (BSP:NGRD3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neogrid Participacoes SA (BSP:NGRD3) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

AV. Santos Dumont, 935, Santo Antonio, Joninville, SC, BRA, 89218-105

Website

https://www.neogrid.com

Neogrid Participacoes SA is engaged in investing in other companies or partnerships, businesses and undertakings of any nature. The company is focused on Software as a Service (SaaS), data and technology that solves key challenges for the supply chain. With solutions that integrate and synchronize operations of manufacturers, distributors, and retailers, it ensures that products are well distributed, sized and allocated. increasing the efficiency of customers, reducing the high costs related to waste and inventory shortages and excesses and freeing up working capital. Offering SaaS solutions is the primary source of revenue generation through subscription to the Neogrid solution platform.

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