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Stif (XPAR:ALSTI) Long-Term Capital Lease Obligation : €0.48 Mil (As of Dec. 2023)


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What is Stif Long-Term Capital Lease Obligation?

Stif's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.48 Mil.

Stif's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€0.47 Mil) to Jun. 2023 (€0.50 Mil) but then declined from Jun. 2023 (€0.50 Mil) to Dec. 2023 (€0.48 Mil).

Stif's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.63 Mil) to Dec. 2022 (€0.47 Mil) but then increased from Dec. 2022 (€0.47 Mil) to Dec. 2023 (€0.48 Mil).

Stif Long-Term Capital Lease Obligation Historical Data

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

Stif Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
0.63 0.47 0.48

Stif Semi-Annual Data
Dec21 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation 0.63 0.47 0.50 0.48

Stif  (XPAR:ALSTI) 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.

Stif Long-Term Capital Lease Obligation Related Terms

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Stif (XPAR:ALSTI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stif SA (XPAR:ALSTI) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
D08:Germany
Address
ZA de la Lande, Saint-Georges-sur-Loire, FRA, 49171
Website
https://www.stifnet.com
Stif SA is a French industrial player specializing in the design, manufacturing and marketing of innovative industrial equipment intended for niche markets. Its products include elevator buckets, rubber lifting straps, Underspeed controllers, Strap offset controllers, Temperature sensors, Anti-jam probes, Monitoring systems, Explosion panels, Compression and curve fittings, Modular piping for gravity transport, Conveyor belt scrapers, and others.

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