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Pluxee NV (XPAR:PLX) Long-Term Capital Lease Obligation : €0 Mil (As of Feb. 2024)


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What is Pluxee NV Long-Term Capital Lease Obligation?

Pluxee NV's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €0 Mil.

Pluxee NV's quarterly Long-Term Capital Lease Obligation increased from Feb. 2023 (€0 Mil) to Aug. 2023 (€38 Mil) but then declined from Aug. 2023 (€38 Mil) to Feb. 2024 (€0 Mil).

Pluxee NV's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (€35 Mil) to Aug. 2022 (€18 Mil) but then increased from Aug. 2022 (€18 Mil) to Aug. 2023 (€38 Mil).

Pluxee NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pluxee 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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Pluxee NV Long-Term Capital Lease Obligation Chart

Pluxee NV Annual Data
Trend Aug21 Aug22 Aug23
Long-Term Capital Lease Obligation
35.00 18.00 38.00

Pluxee NV Quarterly Data
Aug21 Aug22 Feb23 Aug23 Feb24
Long-Term Capital Lease Obligation 35.00 18.00 - 38.00 -

Pluxee NV  (XPAR:PLX) 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.

Pluxee NV Long-Term Capital Lease Obligation Related Terms

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Pluxee NV (XPAR:PLX) Business Description

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RV1:Germany
Address
255 Quai de la Bataille de Stalingrad, Issy-les-Moulineaux, Paris, FRA, 92130
Website
https://www.pluxeegroup.com
Pluxee is a company providing employee benefits and engagement. It offers products and services focused on their real daily needs from meal orders to expense reports and well-being.