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Grab2Go AS (OTSE:GRB2G) Long-Term Capital Lease Obligation : €0.00 Mil (As of Jun. 2024)


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What is Grab2Go AS Long-Term Capital Lease Obligation?

Grab2Go AS's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.00 Mil.


Grab2Go AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Grab2Go AS'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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Grab2Go AS Long-Term Capital Lease Obligation Chart

Grab2Go AS Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Grab2Go AS Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
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Grab2Go AS  (OTSE:GRB2G) 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.

Grab2Go AS Long-Term Capital Lease Obligation Related Terms

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Grab2Go AS Business Description

Industry
Traded in Other Exchanges
N/A
Address
Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138
Grab2Go AS develops and manufactures autonomous, unmanned, and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings, and a better consumer experience in the operation of convenience stores, pharmacies, and other similar points of sale. The company has developed a Cloud Platform to remotely manage and operate its Autonomous Stores in Real-Time. The company earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments), and software development.

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