Rank Progress (WAR:RNK) Long-Term Capital Lease Obligation : zł1.2 Mil (As of Mar. 2024)

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What is Rank Progress Long-Term Capital Lease Obligation?

Rank Progress's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was zł1.2 Mil.

Rank Progress's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (zł2.0 Mil) to Dec. 2023 (zł1.5 Mil) and declined from Dec. 2023 (zł1.5 Mil) to Mar. 2024 (zł1.2 Mil).

Rank Progress's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (zł0.5 Mil) to Dec. 2022 (zł1.7 Mil) but then declined from Dec. 2022 (zł1.7 Mil) to Dec. 2023 (zł1.5 Mil).

Rank Progress Long-Term Capital Lease Obligation Historical Data

The historical data trend for Rank Progress'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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Rank Progress Long-Term Capital Lease Obligation Chart

Rank Progress Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.44

1.73

0.48

1.74

1.45

Rank Progress 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															2.31	2.18	2.00	1.45	1.24

Rank Progress (WAR:RNK) 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.

Rank Progress Long-Term Capital Lease Obligation Related Terms

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Rank Progress (WAR:RNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rank Progress SA (WAR:RNK) » Definitions » Long-Term Capital Lease Obligation

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Address

63 Z?otoryjska, Legnica, POL, 59-220

Website

http://www.rankprogress.pl

Rank Progress SA is a Poland-based company engaged in property investment and development. It is engaged in renting and operating of own or leased real property, buying and selling of own real property and development of construction projects. The company's business model based on a purchase of a real estate, land integration, administrative preparation for development, construction works, and management or sale of a property. The company is also engaged in providing rental space to shopping centers in main cities across Poland.

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