Vecima Networks (FRA:VCM) Long-Term Capital Lease Obligation : €0.7 Mil (As of Mar. 2024)

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What is Vecima Networks Long-Term Capital Lease Obligation?

Vecima Networks's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.7 Mil.

Vecima Networks's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0.0 Mil) to Dec. 2023 (€0.7 Mil) and increased from Dec. 2023 (€0.7 Mil) to Mar. 2024 (€0.7 Mil).

Vecima Networks's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (€0.0 Mil) to Jun. 2022 (€1.5 Mil) but then declined from Jun. 2022 (€1.5 Mil) to Jun. 2023 (€0.9 Mil).

Vecima Networks Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vecima Networks'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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Vecima Networks Long-Term Capital Lease Obligation Chart

Vecima Networks Annual Data

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Long-Term Capital Lease Obligation

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1.46

0.88

Vecima Networks Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.95	0.88	-	0.70	0.72

Vecima Networks (FRA:VCM) 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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Vecima Networks (FRA:VCM) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vecima Networks Inc (FRA:VCM) » Definitions » Long-Term Capital Lease Obligation

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VNWTF:USA VCM:Canada

Address

771 Vanalman Avenue, Victoria, BC, CAN, V8Z 3B8

Website

https://www.vecima.com

Vecima Networks Inc focuses on developing integrated hardware and scalable software solutions for broadband access, content delivery, and telematics. The company enables innovators to advance, connect, entertain, and analyze. It operates in three segments namely Video and Broadband Solutions, Content Delivery & Storage, and Telematics. The Video and Broadband Solutions segment design, develop, and distributes electronic communications products to cable and telecommunications markets. The Content Delivery and Storage segment develop advanced applications focused on storing, protecting, and transforming and delivering visual media. Its geographical segment includes the United States, Canada, Europe, Japan, and others, of which the majority of the revenue comes from the United States.

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