Harbor Custom Development (FRA:5EI1) Long-Term Capital Lease Obligation : €2.34 Mil (As of Dec. 2023)

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What is Harbor Custom Development Long-Term Capital Lease Obligation?

Harbor Custom Development's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2.34 Mil.

Harbor Custom Development's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (€2.45 Mil) to Sep. 2023 (€2.44 Mil) and declined from Sep. 2023 (€2.44 Mil) to Dec. 2023 (€2.34 Mil).

Harbor Custom Development's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€3.57 Mil) to Dec. 2022 (€2.77 Mil) and declined from Dec. 2022 (€2.77 Mil) to Dec. 2023 (€2.34 Mil).

Harbor Custom Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for Harbor Custom Development'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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Harbor Custom Development Long-Term Capital Lease Obligation Chart

Harbor Custom Development Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.47

1.51

3.57

2.77

2.34

Harbor Custom Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	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															2.77	2.54	2.45	2.44	2.34

Harbor Custom Development (FRA:5EI1) 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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Harbor Custom Development (FRA:5EI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Harbor Custom Development Inc (FRA:5EI1) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

HCDIQ:USA

Address

1201 Pacific Avenue, Suite 1200, Tacoma, WA, USA, 98402

Website

https://www.harborcustomhomes.com

Harbor Custom Development Inc is a real estate development company. The company's segment includes Homes; Developed lots; Entitled land; Multi-family; Fee Build and other. It generates maximum revenue froem the Homes segment.

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