Frequentis AG (WBO:FQT) Long-Term Capital Lease Obligation : €29.2 Mil (As of Dec. 2023)

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What is Frequentis AG Long-Term Capital Lease Obligation?

Frequentis AG's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €29.2 Mil.

Frequentis AG's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€30.8 Mil) to Jun. 2023 (€31.1 Mil) but then declined from Jun. 2023 (€31.1 Mil) to Dec. 2023 (€29.2 Mil).

Frequentis AG's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€29.8 Mil) to Dec. 2022 (€30.8 Mil) but then declined from Dec. 2022 (€30.8 Mil) to Dec. 2023 (€29.2 Mil).

Frequentis AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Frequentis AG'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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Frequentis AG Long-Term Capital Lease Obligation Chart

Frequentis AG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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32.79

31.81

29.79

30.76

29.19

Frequentis AG Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									29.79	30.31	30.76	31.07	29.19

Frequentis AG (WBO:FQT) 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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Frequentis AG (WBO:FQT) Business Description

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FQT:Germany

Address

Innovationstrasse 1, Vienna, AUT, 1100

Website

https://www.frequentis.com

Frequentis AG provides communication and information solutions for safety-critical applications. The company serves the air traffic management sector; public safety, public transport; and maritime markets. It offers Custom-tailored control center solutions through the operating segments of Air Traffic Management (ATM); Public Safety and Transport. It derives a majority of its revenue from the Air Traffic Management segment whose main customers are civil and military air traffic control organizations and homeland security authorities. Public Safety and Transport segment comprise the public safety, public transport, and maritime business units. The order intake is majorly from the European market.

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