E Schnapp Co Works (XTAE:SHNP) Long-Term Capital Lease Obligation : ₪4.4 Mil (As of Dec. 2023)

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What is E Schnapp Co Works Long-Term Capital Lease Obligation?

E Schnapp Co Works's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪4.4 Mil.

E Schnapp Co Works's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (₪7.6 Mil) to Sep. 2023 (₪6.0 Mil) and declined from Sep. 2023 (₪6.0 Mil) to Dec. 2023 (₪4.4 Mil).

E Schnapp Co Works's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (₪4.3 Mil) to Dec. 2021 (₪11.3 Mil) but then declined from Dec. 2021 (₪11.3 Mil) to Dec. 2022 (₪10.2 Mil).

E Schnapp Co Works Long-Term Capital Lease Obligation Historical Data

The historical data trend for E Schnapp Co Works'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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E Schnapp Co Works Long-Term Capital Lease Obligation Chart

E Schnapp Co Works Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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6.83

4.30

11.32

10.16

E Schnapp Co Works Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.16	11.19	7.61	6.01	4.39

E Schnapp Co Works (XTAE:SHNP) 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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E Schnapp Co Works (XTAE:SHNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » E Schnapp Co Works Ltd (XTAE:SHNP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

22 Shecterman, Industrial Zone, Netanya, ISR, 42379

Website

http://www.schnapp.co.il

E Schnapp Co Works Ltd manufactures & distributes lead-acid batteries. It offers batteries for private vehicles, buses, electric vehicles, deep cycle batteries for wheelchairs, washing machines batteries; and battery chargers and testers among others. It is also engaged in the import and marketing of tires and car accessories.

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