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Qualstar (FRA:QST1) Long-Term Capital Lease Obligation : €0.00 Mil (As of Sep. 2023)


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What is Qualstar Long-Term Capital Lease Obligation?

Qualstar's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.00 Mil.

Qualstar's quarterly Long-Term Capital Lease Obligation declined from Mar. 2020 (€0.37 Mil) to Sep. 2022 (€0.00 Mil) but then stayed the same from Sep. 2022 (€0.00 Mil) to Sep. 2023 (€0.00 Mil).

Qualstar's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2017 (€0.00 Mil) to Dec. 2018 (€0.00 Mil) but then increased from Dec. 2018 (€0.00 Mil) to Dec. 2019 (€0.41 Mil).


Qualstar Long-Term Capital Lease Obligation Historical Data

The historical data trend for Qualstar'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.

* Premium members only.

Qualstar Long-Term Capital Lease Obligation Chart

Qualstar Annual Data
Trend Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Dec16 Dec17 Dec18 Dec19
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.41

Qualstar Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Sep22 Sep23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.41 0.37 - -

Qualstar  (FRA:QST1) 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.

Qualstar Long-Term Capital Lease Obligation Related Terms

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Qualstar (FRA:QST1) Business Description

Industry
Traded in Other Exchanges
Address
1 Jenner, Suite 200, Irvine, CA, USA, 92618
Qualstar Corp is a U.S based provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The company's segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies. Under the Data Storage segment, it designs, manufactures and sells automated magnetic tape libraries used to store, retrieve and manage electronic data in network computing environments. It has its geographic presence in North America, Europe.

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