Innotec Tss AG (LTS:0NL8) Long-Term Capital Lease Obligation : €2.3 Mil (As of Dec. 2023)

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What is Innotec Tss AG Long-Term Capital Lease Obligation?

Innotec Tss AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2.3 Mil.

Innotec Tss AG's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€2.6 Mil) to Jun. 2023 (€0.0 Mil) but then increased from Jun. 2023 (€0.0 Mil) to Dec. 2023 (€2.3 Mil).

Innotec Tss AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2.6 Mil) to Dec. 2022 (€2.6 Mil) and declined from Dec. 2022 (€2.6 Mil) to Dec. 2023 (€2.3 Mil).

Innotec Tss AG Long-Term Capital Lease Obligation Historical Data

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

Innotec Tss AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.23

2.88

2.62

2.57

2.28

Innotec Tss AG 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															2.62	-	2.57	-	2.28

Innotec Tss AG (LTS:0NL8) 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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Innotec Tss AG (LTS:0NL8) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Innotec Tss AG (LTS:0NL8) » Definitions » Long-Term Capital Lease Obligation

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TSS:Germany

Address

Grunerstrasse 62, Duesseldorf, DEU, 40239

Website

https://www.innotectss.de

Innotec Tss AG manufactures door systems & products for structural engineering. It operates two divisions: Door Systems, which manufactures door panels series & door systems, and Structural Engineering, a provider for the building construction industry.

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