NowVertical Group (FRA:5XQ) Long-Term Capital Lease Obligation : €0.00 Mil (As of Mar. 2024)

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What is NowVertical Group Long-Term Capital Lease Obligation?

NowVertical Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil.

NowVertical Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.00 Mil) to Dec. 2022 (€0.08 Mil) but then declined from Dec. 2022 (€0.08 Mil) to Dec. 2023 (€0.00 Mil).

NowVertical Group Long-Term Capital Lease Obligation Historical Data

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

NowVertical Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.38

0.08

NowVertical Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								0.08	-	-	-	-

NowVertical Group (FRA:5XQ) 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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NowVertical Group (FRA:5XQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NowVertical Group Inc (FRA:5XQ) » Definitions » Long-Term Capital Lease Obligation

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NOWVF:USA NOW:Canada

Address

7750 Okeechobee boulevard, Suite 4-2024, West Palm Beach, FL, USA, 33411

Website

https://www.nowvertical.com

NowVertical Group Inc is a company specializing in accretive data analytics software and services. It is a global data software and services company that helps businesses by helping its clients understand, manage and utilize their data. It has the following operating segments: Technology and Solutions. The company earns the majority of the revenue from the Solutions segment.

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