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SHMD (Schmid Group NV) Long-Term Capital Lease Obligation : $9.55 Mil (As of Jun. 2024)


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What is Schmid Group NV Long-Term Capital Lease Obligation?

Schmid Group NV's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $9.55 Mil.

Schmid Group NV's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($0.71 Mil) to Dec. 2023 ($10.22 Mil) but then declined from Dec. 2023 ($10.22 Mil) to Jun. 2024 ($9.55 Mil).

Schmid Group NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1.12 Mil) to Dec. 2022 ($0.89 Mil) but then increased from Dec. 2022 ($0.89 Mil) to Dec. 2023 ($10.22 Mil).

Schmid Group NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Schmid Group NV'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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Schmid Group NV Long-Term Capital Lease Obligation Chart

Schmid Group NV Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
0.22 1.12 0.89 10.22

Schmid Group NV Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 0.89 0.71 10.22 9.55

Schmid Group NV  (NAS:SHMD) 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.

Schmid Group NV Long-Term Capital Lease Obligation Related Terms

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Schmid Group NV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Schmid Group NV (NAS:SHMD) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
N/A
Address
Robert-Bosch-Street 32-36, Freudenstadt, BW, DEU, 72250
Website
https://www.schmid-group.com
Schmid Group NV is a global supplier of equipment, software and services for various industries such as printed circuit board (PCB), substrate manufacturing, photovoltaics, and glass and energy storage with a focus on the highest end of this market in terms of technology and performance. It focuses on a modular product portfolio of machinery to use in the manufacturing of high-end PCB equipment and semiconductor packaging devices which includes common flexible circuit fabrication techniques such as subtractive, semi-additive processes (SAP) and modified semi-additive processes (mSAP).