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Smart Organic Ad Sofia (XBUL:SO) Long-Term Capital Lease Obligation : лв0.52 Mil (As of Jun. 2023)


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What is Smart Organic Ad Sofia Long-Term Capital Lease Obligation?

Smart Organic Ad Sofia's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was лв0.52 Mil.

Smart Organic Ad Sofia's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (лв0.35 Mil) to Dec. 2022 (лв0.51 Mil) and increased from Dec. 2022 (лв0.51 Mil) to Jun. 2023 (лв0.52 Mil).

Smart Organic Ad Sofia's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (лв1.14 Mil) to Dec. 2021 (лв0.72 Mil) and declined from Dec. 2021 (лв0.72 Mil) to Dec. 2022 (лв0.51 Mil).

Smart Organic Ad Sofia Long-Term Capital Lease Obligation Historical Data

The historical data trend for Smart Organic Ad Sofia'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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Smart Organic Ad Sofia Long-Term Capital Lease Obligation Chart

Smart Organic Ad Sofia Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
0.13 1.53 1.14 0.72 0.51

Smart Organic Ad Sofia Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial - 0.72 0.35 0.51 0.52

Smart Organic Ad Sofia  (XBUL:SO) 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.

Smart Organic Ad Sofia Long-Term Capital Lease Obligation Related Terms

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Smart Organic Ad Sofia Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Smart Organic Ad Sofia (XBUL:SO) » Definitions » Long-Term Capital Lease Obligation
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Address
6 Damyanitsa Street, Sofia, BGR, 1619
Website
https://www.smartorganic.com
Smart Organic Ad Sofia is a producer and distributor of organic food in Europe. It offers Protein Bars, Fruity Bars, Smoothies, Rice Snacks, and Hazelnut Cocoa spread, among others.