Northern Data AG (FRA:NB2) Long-Term Capital Lease Obligation : €7.0 Mil (As of Dec. 2021)

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What is Northern Data AG Long-Term Capital Lease Obligation?

Northern Data AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2021 was €7.0 Mil.

Northern Data AG's quarterly Long-Term Capital Lease Obligation increased from Jun. 2020 (€8.9 Mil) to Dec. 2020 (€13.9 Mil) but then declined from Dec. 2020 (€13.9 Mil) to Dec. 2021 (€7.0 Mil).

Northern Data AG's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (€13.9 Mil) to Dec. 2021 (€7.0 Mil) but then increased from Dec. 2021 (€7.0 Mil) to Dec. 2022 (€7.9 Mil).

Northern Data AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Northern Data AG'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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Northern Data AG Long-Term Capital Lease Obligation Chart

Northern Data AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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3.41

0.44

13.88

7.05

7.87

Northern Data AG Semi-Annual Data
	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Dec21	Dec22
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									0.44	8.93	13.88	7.05	7.87

Northern Data AG (FRA:NB2) 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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Northern Data AG (FRA:NB2) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Northern Data AG (FRA:NB2) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

An der Welle 3, Frankfurt, HE, DEU, 60322

Website

https://www.northerndata.de

Northern Data AG is a Business-to-Business technology company developing, using and selling solutions on vertically integrated computing infrastructure. The company's segment includes Mining; Hardware and Other. It generates maximum revenue from the Hardware and Other segment.

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