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FLOWSPARKS NV (XBRU:FLSP) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2023)


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What is FLOWSPARKS NV Long-Term Capital Lease Obligation?

FLOWSPARKS NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil.


FLOWSPARKS NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for FLOWSPARKS 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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FLOWSPARKS NV Long-Term Capital Lease Obligation Chart

FLOWSPARKS NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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FLOWSPARKS NV Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
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FLOWSPARKS NV  (XBRU:FLSP) 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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FLOWSPARKS NV Business Description

Industry
Traded in Other Exchanges
N/A
Address
Ottergemsesteenweg- Zuid 808, PO Box B545, Ghent, BEL, 9000
FLOWSPARKS NV is engaged in providing online educational services. The company provides SaaS solutions. It enables any content creator to design content based on its didactical templates, and use the output as a draft instead of starting from scratch. The company is designed to address the challenges faced by larger organizations, such as decentralizing content creation, easily creating and maintaining multilingual content, and seamlessly integrating with any standard HR tool. The company generates the majority of its revenue from SaaS-licences.

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