Q-Free ASA (Q-Free ASA) Long-Term Capital Lease Obligation : $0.0 Mil (As of Sep. 2023)

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What is Q-Free ASA Long-Term Capital Lease Obligation?

Q-Free ASA's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.0 Mil.

Q-Free ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($2.3 Mil) to Dec. 2021 ($6.1 Mil) but then declined from Dec. 2021 ($6.1 Mil) to Dec. 2022 ($4.0 Mil).

Q-Free ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Q-Free ASA'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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Q-Free ASA Long-Term Capital Lease Obligation Chart

Q-Free ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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3.90

2.33

6.08

4.02

Q-Free ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	4.02	-	-	-

Q-Free ASA (OTCPK:QFREF) 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.

Q-Free ASA Long-Term Capital Lease Obligation Related Terms

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Q-Free ASA (Q-Free ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Q-Free ASA (OTCPK:QFREF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Strindfjordvegen 1, Ranheim, NOR, 7053

Website

https://www.q-free.com

Q-Free ASA is engaged in the business of supplying products and solutions within Road User Charging (RUC) and Advanced Transportation Management Systems (ATMs). The company has three segments, namely Tolling, Traffic Management, and Assets held for sale. The majority of its revenue comes from the Tolling segment. Its Tolling solutions include Electronic Multi-Lane Free-Flow Toll Collection, Congestion Charging & Low-Emission Zones, Road User Charging, Enforcement, and Truck & Ferry Tolling. Its geographical segments are Europe, APMEA (Asia Pacific/Middle East/Africa), and the Americas.

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