Incap Oyj (OHEL:ICP1V) Long-Term Capital Lease Obligation : €6.7 Mil (As of Mar. 2024)

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What is Incap Oyj Long-Term Capital Lease Obligation?

Incap Oyj's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €6.7 Mil.

Incap Oyj's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€7.6 Mil) to Dec. 2023 (€6.6 Mil) but then increased from Dec. 2023 (€6.6 Mil) to Mar. 2024 (€6.7 Mil).

Incap Oyj's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2.4 Mil) to Dec. 2022 (€5.2 Mil) and increased from Dec. 2022 (€5.2 Mil) to Dec. 2023 (€6.6 Mil).

Incap Oyj Long-Term Capital Lease Obligation Historical Data

The historical data trend for Incap Oyj'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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Incap Oyj Long-Term Capital Lease Obligation Chart

Incap Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.78

3.38

2.35

5.22

6.56

Incap Oyj Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	5.65	7.59	6.56	6.67

Incap Oyj (OHEL:ICP1V) 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.

Incap Oyj Long-Term Capital Lease Obligation Related Terms

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Incap Oyj (OHEL:ICP1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Incap Oyj (OHEL:ICP1V) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

I8J:Germany

Address

Bulevardi 21, Helsinki, FIN, 00180

Website

https://www.incapcorp.com

Incap Oyj is an electronics manufacturing services company with manufacturing operations in Estonia, India, Slovakia, and the United Kingdom and a sourcing office in Hong Kong. The company offers printed circuit boards manufacturing, box builds assembly, prototyping and engineering services, tester development, and magnetic assemblies. The company geographical divisions includes Europe, North America, South America, and Asia.

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