Noratis AG (HAM:NUVA) Long-Term Capital Lease Obligation : €0.00 Mil (As of Jun. 2023)

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What is Noratis AG Long-Term Capital Lease Obligation?

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

Noratis AG's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (€0.00 Mil) to Dec. 2022 (€9.92 Mil) but then declined from Dec. 2022 (€9.92 Mil) to Jun. 2023 (€0.00 Mil).

Noratis AG's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€4.89 Mil) to Dec. 2021 (€5.81 Mil) and increased from Dec. 2021 (€5.81 Mil) to Dec. 2022 (€9.92 Mil).

Noratis AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Noratis 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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Noratis AG Long-Term Capital Lease Obligation Chart

Noratis AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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4.89

5.81

9.92

Noratis AG Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											-	5.81	-	9.92	-

Noratis AG (HAM:NUVA) 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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Noratis AG (HAM:NUVA) Business Description

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NUVA:Germany

Address

Hauptstrasse 129, Eschborn, HE, DEU, 65760

Website

https://www.noratis.de

Noratis AG is a developer of residential property portfolios. The company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. The Company specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations.