Jungle21 (XPAR:MLJ21) Long-Term Capital Lease Obligation : €0.02 Mil (As of Dec. 2023)

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What is Jungle21 Long-Term Capital Lease Obligation?

Jungle21's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.02 Mil.

Jungle21's quarterly Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.03 Mil) to Dec. 2022 (€0.02 Mil) and declined from Dec. 2022 (€0.02 Mil) to Dec. 2023 (€0.02 Mil).

Jungle21's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.03 Mil) to Dec. 2022 (€0.02 Mil) and declined from Dec. 2022 (€0.02 Mil) to Dec. 2023 (€0.02 Mil).

Jungle21 Long-Term Capital Lease Obligation Historical Data

The historical data trend for Jungle21'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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Jungle21 Long-Term Capital Lease Obligation Chart

Jungle21 Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.03

0.02

Jungle21 Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	0.03	0.03	0.02	0.02

Jungle21 (XPAR:MLJ21) 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.

Jungle21 Long-Term Capital Lease Obligation Related Terms

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Jungle21 (XPAR:MLJ21) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Jungle21 SA (XPAR:MLJ21) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Calle Antonio Maura 16, 5 Derecha, Madrid, ESP, 28014

Website

https://www.jungle21.com

Jungle21 SA is an ecosystem of creative companies. It partners with brands and companies on a transformation path, accelerating their economic growth and positive impact, by solving business challenges through an integrated offer of consulting, product & and service design, advertising & content. The Group derives its revenues mainly from advertising activities.

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