VOXX International (FRA:VOX) Long-Term Capital Lease Obligation : €2.3 Mil (As of Nov. 2023)

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What is VOXX International Long-Term Capital Lease Obligation?

VOXX International's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was €2.3 Mil.

VOXX International's quarterly Long-Term Capital Lease Obligation increased from May. 2023 (€2.2 Mil) to Aug. 2023 (€2.5 Mil) but then declined from Aug. 2023 (€2.5 Mil) to Nov. 2023 (€2.3 Mil).

VOXX International's annual Long-Term Capital Lease Obligation declined from Feb. 2021 (€3.2 Mil) to Feb. 2022 (€3.0 Mil) and declined from Feb. 2022 (€3.0 Mil) to Feb. 2023 (€2.4 Mil).

VOXX International Long-Term Capital Lease Obligation Historical Data

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

VOXX International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Long-Term Capital Lease Obligation

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0.46

2.85

3.21

2.97

2.40

VOXX International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.78	2.40	2.21	2.53	2.32

VOXX International (FRA:VOX) 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.

VOXX International Long-Term Capital Lease Obligation Related Terms

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VOXX International (FRA:VOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VOXX International Corp (FRA:VOX) » Definitions » Long-Term Capital Lease Obligation

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VOXX:USA VOX:Germany

Address

2351 J. Lawson Boulevard, Orlando, FL, USA, 32824

Website

https://www.voxxintl.com

VOXX International Corp manufacturer and distributor in the Automotive Electronics, Consumer Electronics, and Biometrics industries. The consumer electronic products primarily consist of finished goods sold to retail and commercial customers, consisting of premium audio and other consumer electronic products. Automotive products, some of which are manufactured by the Company, are sold both to OEM and aftermarket customers. Biometric products, primarily consisting of finished goods, are sold to retail and commercial customers.