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Pet Service Holding NV (XPAR:MLPET) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2023)


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What is Pet Service Holding NV Long-Term Capital Lease Obligation?

Pet Service Holding NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil.


Pet Service Holding NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pet Service Holding NV'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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Pet Service Holding NV Long-Term Capital Lease Obligation Chart

Pet Service Holding NV Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- - - - -

Pet Service Holding NV Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation - - - - -

Pet Service Holding NV  (XPAR:MLPET) 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.

Pet Service Holding NV Long-Term Capital Lease Obligation Related Terms

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Pet Service Holding NV (XPAR:MLPET) Business Description

Traded in Other Exchanges
N/A
Address
Industrieweg 16, Wormerveer, NLD, 1521
Pet Service Holding NV is a European provider of products and services for pets and pet owners. The company specializes in the online sale of medicines, food products, and accessories for pets. The Group operates the following online shops: Dierenapotheek.nl and Drpetcare and sells OTC Medicines for pets. The company also offers PetApp which is a smartphone application that provides users with access to an online pet supply store, storage solutions for data relating to pets, and the option to receive news and information about pet events. The Group is also actively developing a tracker for pets (the PetTracker) and intends to integrate the tracking option into the PetApp.

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