PAR Technology (FRA:35U) Long-Term Capital Lease Obligation : €5.0 Mil (As of Sep. 2024)

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What is PAR Technology Long-Term Capital Lease Obligation?

PAR Technology's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was €5.0 Mil.

PAR Technology's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (€2.3 Mil) to Jun. 2024 (€3.3 Mil) and increased from Jun. 2024 (€3.3 Mil) to Sep. 2024 (€5.0 Mil).

PAR Technology's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2.2 Mil) to Dec. 2022 (€2.7 Mil) but then declined from Dec. 2022 (€2.7 Mil) to Dec. 2023 (€2.6 Mil).

PAR Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for PAR Technology'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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PAR Technology Long-Term Capital Lease Obligation Chart

PAR Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.92

1.20

2.16

2.71

2.59

PAR Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.88	2.59	2.32	3.29	5.01

PAR Technology (FRA:35U) 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.

PAR Technology Long-Term Capital Lease Obligation Related Terms

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PAR Technology Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » PAR Technology Corp (FRA:35U) » Definitions » Long-Term Capital Lease Obligation

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PAR:USA

Address

PAR Technology Park, 8383 Seneca Turnpike, New Hartford, NY, USA, 13413-4991

Website

https://www.partech.com

PAR Technology Corp together with its subsidiaries provides management technology solutions including software, hardware, and related services, integral to the point-of-sale infrastructure and task management, information gathering, assimilation, and communication services. It has two segments. The restaurant/ Retail segment provides point-of-sale and management technology solutions such as hardware, software, and integrated technical solutions to the restaurant and retail industries. The government segment provides intelligence, surveillance, and reconnaissance solutions and mission systems support. The company derives the majority of its revenues from the Restaurant/ Retail segment.

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