Crypto Blockchain Industries (XPAR:ALCBI) Long-Term Capital Lease Obligation : €1.65 Mil (As of Sep. 2023)

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What is Crypto Blockchain Industries Long-Term Capital Lease Obligation?

Crypto Blockchain Industries's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €1.65 Mil.

Crypto Blockchain Industries's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (€1.90 Mil) to Mar. 2023 (€1.77 Mil) and declined from Mar. 2023 (€1.77 Mil) to Sep. 2023 (€1.65 Mil).

Crypto Blockchain Industries's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (€0.00 Mil) to Mar. 2022 (€2.02 Mil) but then declined from Mar. 2022 (€2.02 Mil) to Mar. 2023 (€1.77 Mil).

Crypto Blockchain Industries Long-Term Capital Lease Obligation Historical Data

The historical data trend for Crypto Blockchain Industries'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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Crypto Blockchain Industries Long-Term Capital Lease Obligation Chart

Crypto Blockchain Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

2.02

1.77

Crypto Blockchain Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	2.02	1.90	1.77	1.65

Crypto Blockchain Industries (XPAR:ALCBI) 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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Crypto Blockchain Industries (XPAR:ALCBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Crypto Blockchain Industries SA (XPAR:ALCBI) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

7DO0:Germany

Address

164 boulevard Haussmann, Paris, FRA, 75008

Website

https://www.cbicorp.io

Crypto Blockchain Industries SA is a company offering a comprehensive investment approach covering the majority aspects of blockchain.

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