WAG Payment Solutions (FRA:9VU) Long-Term Capital Lease Obligation : €14 Mil (As of Jun. 2024)

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What is WAG Payment Solutions Long-Term Capital Lease Obligation?

WAG Payment Solutions's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €14 Mil.

WAG Payment Solutions's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€12 Mil) to Dec. 2023 (€17 Mil) but then declined from Dec. 2023 (€17 Mil) to Jun. 2024 (€14 Mil).

WAG Payment Solutions's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€6 Mil) to Dec. 2022 (€10 Mil) and increased from Dec. 2022 (€10 Mil) to Dec. 2023 (€17 Mil).

WAG Payment Solutions Long-Term Capital Lease Obligation Historical Data

The historical data trend for WAG Payment Solutions'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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WAG Payment Solutions Long-Term Capital Lease Obligation Chart

WAG Payment Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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9.11

7.16

5.97

9.51

17.42

WAG Payment Solutions Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						8.20	9.51	11.95	17.42	14.33

WAG Payment Solutions (FRA:9VU) 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.

WAG Payment Solutions Long-Term Capital Lease Obligation Related Terms

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WAG Payment Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WAG Payment Solutions PLC (FRA:9VU) » Definitions » Long-Term Capital Lease Obligation

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Address

1 Albemarle Street, Third Floor (East), Albemarle House, London, GBR, W1S 4HA

Website

https://www.eurowag.com

WAG Payment Solutions PLC, formerly Eurowag is a pan-European integrated payment & mobility platform focused on the commercial road transport industry. The group's business involves the provision of services to the CRT industry which are focused on two primary segments: Payment solutions, comprising energy payments through pre-pay or post-pay fuel cards and toll payments; and Mobility solutions, comprising tax refund services; telematics; smart routing apps; and other adjacent services.

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