Precise Biometrics AB (STU:PBCB) Long-Term Capital Lease Obligation : €0.00 Mil (As of Mar. 2024)

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What is Precise Biometrics AB Long-Term Capital Lease Obligation?

Precise Biometrics AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.00 Mil.

Precise Biometrics AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0.00 Mil) to Dec. 2023 (€0.19 Mil) but then declined from Dec. 2023 (€0.19 Mil) to Mar. 2024 (€0.00 Mil).

Precise Biometrics AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.58 Mil) to Dec. 2022 (€0.38 Mil) and declined from Dec. 2022 (€0.38 Mil) to Dec. 2023 (€0.19 Mil).

Precise Biometrics AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Precise Biometrics AB'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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Precise Biometrics AB Long-Term Capital Lease Obligation Chart

Precise Biometrics AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.01

0.56

0.58

0.38

0.19

Precise Biometrics AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.19	-

Precise Biometrics AB (STU:PBCB) 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.

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Precise Biometrics AB (STU:PBCB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Precise Biometrics AB (STU:PBCB) » Definitions » Long-Term Capital Lease Obligation

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PREC:Sweden

Address

Precise Biometrics AB, Scheelevagen 27, Lund, SWE, SE-223 63

Website

https://www.precisebiometrics.com

Precise Biometrics AB is engaged in the business of developing and selling fingerprint software for the authentication of people's identity in mobile phones, smart cards, and products with small fingerprint sensors. The firm also develops and sells mobile smart card readers for smartphones and tablets. Its products and services include precise bio match mobile, sensor vulnerability test, and fingerprint data collection. Overall it focuses on the areas of Capacitive sensors for mobile phones, In-display sensors for mobile phones in the upper price segment, Smart cards, and New applications. The company operates in Europe, Asia, and the United States, out of which the majority of revenue comes from Asia.

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