Mmcite AS (XPRA:MMCTE) Long-Term Capital Lease Obligation : Kč0.0 Mil (As of Dec. 2022)

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What is Mmcite AS Long-Term Capital Lease Obligation?

Mmcite AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was Kč0.0 Mil.

Mmcite AS Long-Term Capital Lease Obligation Historical Data

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

Mmcite AS Annual Data

Trend

Dec22

Dec23

Long-Term Capital Lease Obligation

Mmcite AS Quarterly Data
	Dec22	Dec23
Long-Term Capital Lease Obligation	-	-

Mmcite AS (XPRA:MMCTE) 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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Mmcite AS (XPRA:MMCTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mmcite AS (XPRA:MMCTE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Vinohradská 907, Ma?atice, Uherské Hradište, CZE, 686 05

Website

https://www.mmcite.com

Mmcite AS is a company that specializes in design and construction projects for public spaces. Their range of products and services includes the design and realization of both transportation terminals and street furniture, for example such as benches, litter bins, rails and cycle stands. Within the industry of street furniture, it is one of the first manufactures in the world to introduce products created by 3D concrete printing.

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