Tronics Microsystems (XPAR:ALTRO) Long-Term Capital Lease Obligation : €0.97 Mil (As of Sep. 2023)

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What is Tronics Microsystems Long-Term Capital Lease Obligation?

Tronics Microsystems's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.97 Mil.

Tronics Microsystems's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (€2.35 Mil) to Mar. 2023 (€1.16 Mil) and declined from Mar. 2023 (€1.16 Mil) to Sep. 2023 (€0.97 Mil).

Tronics Microsystems's annual Long-Term Capital Lease Obligation declined from Mar. 2021 (€2.96 Mil) to Mar. 2022 (€1.41 Mil) and declined from Mar. 2022 (€1.41 Mil) to Mar. 2023 (€1.16 Mil).

Tronics Microsystems Long-Term Capital Lease Obligation Historical Data

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

Tronics Microsystems Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.05

2.76

2.96

1.41

1.16

Tronics Microsystems Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.73	1.41	2.35	1.16	0.97

Tronics Microsystems (XPAR:ALTRO) 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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Tronics Microsystems (XPAR:ALTRO) Business Description

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Address

98 rue du Pré de l’Horme, Crolles, Cedex, FRA, 38926

Website

http://www.tronicsgroup.com

Tronics Microsystems is a MEMS manufacturer. The company manufactures accelerometers, gyroscopes, micropumps, pressure sensors, switches, biodetectors, and other MEMS, as well as providing MEMS foundry and wafer fab manufacturing solutions. The products of the company are used in the aviation sector, medical sector, and oil & gas sector.

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