Sharc International Systems (FRA:IWIA) Long-Term Capital Lease Obligation : €0.03 Mil (As of Mar. 2024)

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What is Sharc International Systems Long-Term Capital Lease Obligation?

Sharc International Systems's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.03 Mil.

Sharc International Systems's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€0.03 Mil) to Dec. 2023 (€0.03 Mil) and declined from Dec. 2023 (€0.03 Mil) to Mar. 2024 (€0.03 Mil).

Sharc International Systems's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.14 Mil) to Dec. 2022 (€0.10 Mil) and declined from Dec. 2022 (€0.10 Mil) to Dec. 2023 (€0.03 Mil).

Sharc International Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sharc International Systems'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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Sharc International Systems Long-Term Capital Lease Obligation Chart

Sharc International Systems Annual Data

Trend

Oct14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.28

0.20

0.14

0.10

0.03

Sharc International Systems 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															0.07	0.05	0.03	0.03	0.03

Sharc International Systems (FRA:IWIA) 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.

Sharc International Systems Long-Term Capital Lease Obligation Related Terms

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Sharc International Systems (FRA:IWIA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sharc International Systems Inc (FRA:IWIA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

INTWF:USA SHRC:Canada

Address

1443 Spitfire Place, Port Coquitlam, BC, CAN, V3C 6L4

Website

https://www.sharcenergy.com

Sharc International Systems Inc is engaged in providing wastewater heat exchange expertise and products that serve commercial, industrial, public utilities and residential development projects objectives of reducing their carbon footprint while saving on energy costs. The company operates in a single operating segment namely, Sales and marketing of Wastewater energy transfer equipment.

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