Harvest Technology (MAL:HRV) Long-Term Capital Lease Obligation : €0.40 Mil (As of Jun. 2024)

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What is Harvest Technology Long-Term Capital Lease Obligation?

Harvest Technology's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.40 Mil.

Harvest Technology's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€0.16 Mil) to Dec. 2023 (€0.49 Mil) but then declined from Dec. 2023 (€0.49 Mil) to Jun. 2024 (€0.40 Mil).

Harvest Technology's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.52 Mil) to Dec. 2022 (€0.27 Mil) but then increased from Dec. 2022 (€0.27 Mil) to Dec. 2023 (€0.49 Mil).

Harvest Technology Long-Term Capital Lease Obligation Historical Data

The historical data trend for Harvest Technology'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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Harvest Technology Long-Term Capital Lease Obligation Chart

Harvest Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.72

1.47

0.52

0.27

0.49

Harvest Technology Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						0.36	0.27	0.16	0.49	0.40

Harvest Technology (MAL:HRV) 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.

Harvest Technology Long-Term Capital Lease Obligation Related Terms

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Harvest Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Technology PLC (MAL:HRV) » Definitions » Long-Term Capital Lease Obligation

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Address

Valletta Road, Nineteen Twenty Three, Marsa, MLT, MRS 3000

Website

https://www.harvest.tech

Harvest Technology PLC is an investment and holding company. It provides delivery of business solutions and technology (including integrated and automated solutions) and payment solutions and related services. The company's portfolio consists of entities delivering systems engineering, security solutions, e-commerce platforms, electronic payments solutions, networking and system maintenance, automation products, product development and IT outsourcing. The Group operates two business activities which are the sale of payment processing services and the provision of IT solutions and security systems.

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