Groupe Open (LTS:0O1T) Long-Term Capital Lease Obligation : €12.1 Mil (As of Jun. 2021)

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What is Groupe Open Long-Term Capital Lease Obligation?

Groupe Open's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2021 was €12.1 Mil.

Groupe Open's quarterly Long-Term Capital Lease Obligation declined from Jun. 2020 (€15.7 Mil) to Dec. 2020 (€13.6 Mil) and declined from Dec. 2020 (€13.6 Mil) to Jun. 2021 (€12.1 Mil).

Groupe Open's annual Long-Term Capital Lease Obligation increased from Dec. 2018 (€0.0 Mil) to Dec. 2019 (€17.6 Mil) but then declined from Dec. 2019 (€17.6 Mil) to Dec. 2020 (€13.6 Mil).

Groupe Open Long-Term Capital Lease Obligation Historical Data

The historical data trend for Groupe Open'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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Groupe Open Long-Term Capital Lease Obligation Chart

Groupe Open Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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17.60

13.60

Groupe Open Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															20.90	17.60	15.70	13.60	12.10

Groupe Open (LTS:0O1T) 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.

Groupe Open Long-Term Capital Lease Obligation Related Terms

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Groupe Open (LTS:0O1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Groupe Open SA (LTS:0O1T) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

TSE:4371 MIGI TSE:3657 IBEX TSXV:QUIS TSE:4674 SHSE:688500 TSE:3676 HKSE:03680 XCNQ:PKK

Traded in Other Exchanges

N/A

Address

97 Boulevard, Paris, FRA, 75017

Website

http://www.groupe-open.com

Groupe Open SA is engaged in digital and industrial transformation business in France, Belgium, the Netherlands, Luxembourg, and China. The company offers IT and digital consultancy services; project management assistance; project design and conception services; application design and development services for management systems, Websites, mobile projects; application portfolio management services; software integrating solutions; and project testing and acceptance services.

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