Azkoyen (FRA:AKK) Long-Term Capital Lease Obligation : €5.5 Mil (As of Dec. 2023)

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What is Azkoyen Long-Term Capital Lease Obligation?

Azkoyen's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €5.5 Mil.

Azkoyen's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€5.7 Mil) to Jun. 2023 (€5.4 Mil) but then increased from Jun. 2023 (€5.4 Mil) to Dec. 2023 (€5.5 Mil).

Azkoyen's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€3.6 Mil) to Dec. 2022 (€5.7 Mil) but then declined from Dec. 2022 (€5.7 Mil) to Dec. 2023 (€5.5 Mil).

Azkoyen Long-Term Capital Lease Obligation Historical Data

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

Azkoyen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.97

4.42

3.61

5.73

5.52

Azkoyen Quarterly 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															3.61	3.37	5.73	5.39	5.52

Azkoyen (FRA:AKK) 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.

Azkoyen Long-Term Capital Lease Obligation Related Terms

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Azkoyen (FRA:AKK) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azkoyen SA (FRA:AKK) » Definitions » Long-Term Capital Lease Obligation

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AZK:Spain

Address

Avenida San Silvestre, Navarra, s/n. Peralta, ESP, 31350

Website

https://www.azkoyen.com

Azkoyen SA designs manufacture and sells technological solutions for payment systems, vending machines, security systems, and access control. The company operates through time and security, payment technologies, and coffee and vending systems segments. The company generates maximum revenue from the coffee and vending systems segment. The coffee and vending systems segment offers the consumption of raw materials for product packaging, the generation of non-hazardous waste, and the consumption of water and energy for the operation of the facilities. Geographically, the company derives a majority of its revenue from Germany and also has a presence in Spain; Italy; the United Kingdom; the Rest EU; the Rest of the OECD, and the Rest of the World.

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