Hire Technologies (FRA:680) Long-Term Capital Lease Obligation : €0.00 Mil (As of Sep. 2022)

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What is Hire Technologies Long-Term Capital Lease Obligation?

Hire Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2022 was €0.00 Mil.

Hire Technologies's quarterly Long-Term Capital Lease Obligation declined from Mar. 2022 (€0.04 Mil) to Jun. 2022 (€0.02 Mil) and declined from Jun. 2022 (€0.02 Mil) to Sep. 2022 (€0.00 Mil).

Hire Technologies's annual Long-Term Capital Lease Obligation increased from Mar. 2019 (€0.00 Mil) to Dec. 2020 (€0.14 Mil) but then declined from Dec. 2020 (€0.14 Mil) to Dec. 2021 (€0.06 Mil).

Hire Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hire Technologies'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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Hire Technologies Long-Term Capital Lease Obligation Chart

Hire Technologies Annual Data

Trend

Mar18

Mar19

Dec20

Dec21

Long-Term Capital Lease Obligation

0.14

0.06

Hire Technologies Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														0.08	0.06	0.04	0.02	-

Hire Technologies (FRA:680) 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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Hire Technologies (FRA:680) Business Description

Industry

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Traded in Other Exchanges

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Address

55 Adelaide Street East, Suite 400, Toronto, ON, CAN, M5C 1K6

Website

https://www.hire.company

Hire Technologies Inc is focused on the acquisition of information technology, staffing, and HR consulting firms. The company provides cross-selling opportunities, access to proprietary operational tools, and a scalable, centralized back-office system to support growth. The company considers its operations to consist of a single reportable segment. The segment derives its revenue from the provision of recruitment and related HR services to customers. All operations occur in Canada.

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