Nordwest Handel AG (FRA:NWX) Long-Term Capital Lease Obligation : €0.0 Mil (As of Mar. 2024)

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What is Nordwest Handel AG Long-Term Capital Lease Obligation?

Nordwest Handel AG's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil.

Nordwest Handel AG's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0.0 Mil) to Dec. 2023 (€0.4 Mil) but then declined from Dec. 2023 (€0.4 Mil) to Mar. 2024 (€0.0 Mil).

Nordwest Handel AG's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1.1 Mil) to Dec. 2022 (€0.7 Mil) and declined from Dec. 2022 (€0.7 Mil) to Dec. 2023 (€0.4 Mil).

Nordwest Handel AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nordwest Handel AG'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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Nordwest Handel AG Long-Term Capital Lease Obligation Chart

Nordwest Handel AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.99

1.51

1.05

0.68

0.38

Nordwest Handel AG 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															-	0.51	-	0.38	-

Nordwest Handel AG (FRA:NWX) 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.

Nordwest Handel AG Long-Term Capital Lease Obligation Related Terms

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Nordwest Handel AG (FRA:NWX) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Nordwest Handel AG (FRA:NWX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NWX:Germany NWX:Germany

Address

Robert-Schuman-Strasse 17, Dortmund, DEU, D-44263

Website

http://www.nordwest.com

Nordwest Handel AG provides procurement, finance, logistics, IT, and sales services for small and medium sized businesses. It trades in various steel products, such as molded steel/broad flanged beams; and trades in occupational health and safety, construction equipment and components. The company also supplies sanitary/bathroom ceramics and fittings, bathroom furniture and radiators, shower separations, and accessories to plumbers, fitters, and housing societies, as well as to private building owners and renovators.

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