BOE Varitronix (FRA:VTX) Long-Term Capital Lease Obligation : €2 Mil (As of Dec. 2023)

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What is BOE Varitronix Long-Term Capital Lease Obligation?

BOE Varitronix's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2 Mil.

BOE Varitronix's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€1 Mil) to Jun. 2023 (€1 Mil) and increased from Jun. 2023 (€1 Mil) to Dec. 2023 (€2 Mil).

BOE Varitronix's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1 Mil) to Dec. 2022 (€1 Mil) but then increased from Dec. 2022 (€1 Mil) to Dec. 2023 (€2 Mil).

BOE Varitronix Long-Term Capital Lease Obligation Historical Data

The historical data trend for BOE Varitronix'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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BOE Varitronix Long-Term Capital Lease Obligation Chart

BOE Varitronix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.36

1.05

1.25

0.53

1.63

BOE Varitronix Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.25	0.75	0.53	1.40	1.63

BOE Varitronix (FRA:VTX) 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.

BOE Varitronix Long-Term Capital Lease Obligation Related Terms

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BOE Varitronix (FRA:VTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BOE Varitronix Ltd (FRA:VTX) » Definitions » Long-Term Capital Lease Obligation

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00710:Hong Kong

Address

Number 7 Shing Yip Street, Units A - F, 35th Floor, Legend Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.boevx.com

BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the Manufacture and Sale of Liquid Crystal Displays and Related Products. The company's geographical segments include the PRC, Europe, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.

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