Alten (XPAR:ATE) Long-Term Capital Lease Obligation : €189 Mil (As of Dec. 2023)

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What is Alten Long-Term Capital Lease Obligation?

Alten's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €189 Mil.

Alten's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€181 Mil) to Jun. 2023 (€184 Mil) and increased from Jun. 2023 (€184 Mil) to Dec. 2023 (€189 Mil).

Alten's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€131 Mil) to Dec. 2022 (€181 Mil) and increased from Dec. 2022 (€181 Mil) to Dec. 2023 (€189 Mil).

Alten Long-Term Capital Lease Obligation Historical Data

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

Alten Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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134.13

126.10

130.64

180.84

189.38

Alten Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															130.64	133.48	180.84	184.26	189.38

Alten (XPAR:ATE) 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.

Alten Long-Term Capital Lease Obligation Related Terms

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Alten (XPAR:ATE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Alten (XPAR:ATE) » Definitions » Long-Term Capital Lease Obligation

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0O1S:UK AN3:Germany

Address

40, avenue Andre-Morizet, Boulogne-Billancourt Cedex, Paris, FRA, 92513

Website

https://www.alten.com

Alten is an engineering and technology consulting firm. The company provides design and research projects for the technical and information systems divisions of corporate clients in the industrial, telecommunications, and service sectors. Alten's business consists of three operating segments: engineering and technology consulting; telecoms and networks; and information systems. The engineering and technology consulting segment contributes the majority of group revenue. Alten generates approximately half of its revenue in France with most of the balance derived in other European countries.

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