Mynd.ai (STU:WK6) Long-Term Capital Lease Obligation : €3.7 Mil (As of Jun. 2024)

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What is Mynd.ai Long-Term Capital Lease Obligation?

Mynd.ai's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €3.7 Mil.

Mynd.ai's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€0.0 Mil) to Dec. 2023 (€3.1 Mil) and increased from Dec. 2023 (€3.1 Mil) to Jun. 2024 (€3.7 Mil).

Mynd.ai's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€1.5 Mil) and increased from Dec. 2022 (€1.5 Mil) to Dec. 2023 (€3.1 Mil).

Mynd.ai Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mynd.ai'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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Mynd.ai Long-Term Capital Lease Obligation Chart

Mynd.ai Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.54

3.13

Mynd.ai Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	-	1.54	-	3.13	3.70

Mynd.ai (STU:WK6) 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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Mynd.ai Business Description

Industry

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MYND:USA

Address

720 Olive Way, Suite 1500, Seattle, WA, USA, 98101

Website

https://www.mynd.ai

Mynd.ai Inc is a company that provides a platform for delivering digital content in K-12 classrooms, giving teachers seamless connectivity to inspire young minds. It features agnostic hardware that integrates across technology providers. Its product line includes a wide range of interactive tools and technologies, with its award-winning interactive displays at the forefront. It also offers interactive software apps such as Screen Share, computing modules, and accessories that meet the needs of customers, including K -12 educators, colleges and universities, small businesses and corporations, government agencies, and more.

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