Lacroix Group (FRA:51M) Long-Term Capital Lease Obligation : €11.8 Mil (As of Dec. 2023)

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What is Lacroix Group Long-Term Capital Lease Obligation?

Lacroix Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €11.8 Mil.

Lacroix Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€8.5 Mil) to Jun. 2023 (€10.5 Mil) and increased from Jun. 2023 (€10.5 Mil) to Dec. 2023 (€11.8 Mil).

Lacroix Group's annual Long-Term Capital Lease Obligation increased from Sep. 2020 (€6.7 Mil) to Dec. 2021 (€9.4 Mil) but then declined from Dec. 2021 (€9.4 Mil) to Dec. 2022 (€8.5 Mil).

Lacroix Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lacroix Group'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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Lacroix Group Long-Term Capital Lease Obligation Chart

Lacroix Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Long-Term Capital Lease Obligation

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6.67

9.43

8.47

Lacroix Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.43	9.40	8.47	10.50	11.83

Lacroix Group (FRA:51M) 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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Lacroix Group (FRA:51M) Business Description

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LACR:France

Address

8, impasse du Bourrelier, B.P. 30 004, Saint Herblain cedex, FRA, 44801

Website

https://www.lacroix-group.com

Lacroix Group is engaged in the design and production of consumer electronic equipment, in particular in the automotive, home automation, aeronautical, industrial and health sectors.

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