Sopra Steria Group (XPAR:SOP) Long-Term Capital Lease Obligation : €393 Mil (As of Dec. 2023)

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What is Sopra Steria Group Long-Term Capital Lease Obligation?

Sopra Steria Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €393 Mil.

Sopra Steria Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€313 Mil) to Jun. 2023 (€338 Mil) and increased from Jun. 2023 (€338 Mil) to Dec. 2023 (€393 Mil).

Sopra Steria Group's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€289 Mil) to Dec. 2022 (€313 Mil) and increased from Dec. 2022 (€313 Mil) to Dec. 2023 (€393 Mil).

Sopra Steria Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sopra Steria Group'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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Sopra Steria Group Long-Term Capital Lease Obligation Chart

Sopra Steria Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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257.20

226.20

289.20

312.80

392.90

Sopra Steria Group 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															289.20	336.20	312.80	338.20	392.90

Sopra Steria Group (XPAR:SOP) 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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Sopra Steria Group (XPAR:SOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sopra Steria Group SA (XPAR:SOP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

SPPSY:USA SOPp:UK 0NJQ:UK OR8:Germany

Address

9 bis, rue de Presbourg, Paris, FRA, 75116

Website

http://www.sopragroup.com

Sopra Steria Group SA is a digital transformation company. It guides businesses through conversion projects, from the development phase to implementation phase. The firm provides end to end services in the fields of consulting, systems integration, software development, infrastructure management and business process services. It's target markets are financial services, insurance and social welfare, public sector, telecom operators, aerospace and defense, retail and energy sectors. Its geographic segments are France, United Kingdom, Spain, Italy, and Belgium. The company derives the majority of its revenues from France.