Snap One Holdings (STU:8W1) Long-Term Capital Lease Obligation : €45.6 Mil (As of Mar. 2024)

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What is Snap One Holdings Long-Term Capital Lease Obligation?

Snap One Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €45.6 Mil.

Snap One Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€50.7 Mil) to Dec. 2023 (€47.8 Mil) and declined from Dec. 2023 (€47.8 Mil) to Mar. 2024 (€45.6 Mil).

Snap One Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.0 Mil) to Dec. 2022 (€48.0 Mil) but then declined from Dec. 2022 (€48.0 Mil) to Dec. 2023 (€47.8 Mil).

Snap One Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Snap One Holdings'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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Snap One Holdings Long-Term Capital Lease Obligation Chart

Snap One Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

48.05

47.77

Snap One Holdings Quarterly Data
	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													48.75	51.36	50.68	47.77	45.62

Snap One Holdings (STU:8W1) 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.

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Snap One Holdings (STU:8W1) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Snap One Holdings Corp (STU:8W1) » Definitions » Long-Term Capital Lease Obligation

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SNPO:USA

Address

1800 Continental Boulevard, Suite 200, Charlotte, NC, USA, 28273

Website

https://www.snapone.com

Snap One Holdings Corp provides products, services, and software to its network of professional integrators that enable them to deliver smart living experiences for their residential and business end users. The Company's hardware and software portfolio includes proprietary and third-party offerings across connected, infrastructure, and entertainment categories. Additionally, the Company provides value-added services and workflow solutions to support integrators throughout the project lifecycle, enhancing their operations.

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