GFT Technologies SE (XTER:GFT) Long-Term Capital Lease Obligation : €0.0 Mil (As of Mar. 2024)

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What is GFT Technologies SE Long-Term Capital Lease Obligation?

GFT Technologies SE's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil.

GFT Technologies SE's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0.0 Mil) to Dec. 2023 (€28.4 Mil) but then declined from Dec. 2023 (€28.4 Mil) to Mar. 2024 (€0.0 Mil).

GFT Technologies SE's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€26.2 Mil) to Dec. 2022 (€31.2 Mil) but then declined from Dec. 2022 (€31.2 Mil) to Dec. 2023 (€28.4 Mil).

GFT Technologies SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for GFT Technologies SE'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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GFT Technologies SE Long-Term Capital Lease Obligation Chart

GFT Technologies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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43.47

38.44

26.18

31.15

28.40

GFT Technologies SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	30.42	-	28.40	-

GFT Technologies SE (XTER:GFT) 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.

GFT Technologies SE Long-Term Capital Lease Obligation Related Terms

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GFT Technologies SE (XTER:GFT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » GFT Technologies SE (XTER:GFT) » Definitions » Long-Term Capital Lease Obligation

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GFT:Austria

Address

Schelmenwasenstrasse 34, Stuttgart, BW, DEU, 70567

Website

https://www.gft.com/int/en

GFT Technologies SE is engaged in shaping the digital transformation of companies in the financial and insurance sectors, as well as in the manufacturing industry. As an IT service provider and developer of digital solutions, It offers consulting, development, and implementation skills across all aspects of pioneering technologies from cloud engineering to artificial intelligence and blockchain/DLT. The company has two operating segments; The Americas, UK & APAC comprises operating companies in the following countries: Brazil Costa Rica, Singapore, Hong Kong, the United Kingdom, the United States of America, Canada, Vietnam, and Mexico, and Continental Europe comprises operating companies in the following countries: Belgium, Poland, Germany, Switzerland, France, Spain, and Italy.

Executives

Dr. Jochen Ruetz

Managing Director (CFO) and Member of the Administrative Board

GFT Technologies SE (XTER:GFT) Headlines

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