Universal Electronics (STU:UE1) Long-Term Capital Lease Obligation : €10.6 Mil (As of Mar. 2024)

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What is Universal Electronics Long-Term Capital Lease Obligation?

Universal Electronics's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €10.6 Mil.

Universal Electronics's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€10.8 Mil) to Dec. 2023 (€11.5 Mil) but then declined from Dec. 2023 (€11.5 Mil) to Mar. 2024 (€10.6 Mil).

Universal Electronics's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€12.6 Mil) to Dec. 2022 (€14.2 Mil) but then declined from Dec. 2022 (€14.2 Mil) to Dec. 2023 (€11.5 Mil).

Universal Electronics Long-Term Capital Lease Obligation Historical Data

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

Universal Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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14.08

11.25

12.63

14.19

11.52

Universal Electronics 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															13.06	13.13	10.83	11.52	10.56

Universal Electronics (STU:UE1) 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.

Universal Electronics Long-Term Capital Lease Obligation Related Terms

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Universal Electronics (STU:UE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Electronics Inc (STU:UE1) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

UEIC:USA UE1:Germany

Address

15147 N. Scottsdale Road, Suite H300, Scottsdale, AZ, USA, 85254-2494

Website

https://www.uei.com

Universal Electronics Inc is a United States-based company that is principally engaged in developing and manufacturing a series of electronic products, including wireless control products, audio-video accessories, intelligent wireless automation components, and software. The company focuses on the subscription broadcast, consumer electronics and residential security markets, with customers consisting of subscription broadcasters, original equipment manufacturer, private-label brands, retailers, pro-security dealers, and companies in the computing industry. The company has a global presence and generates most of its total revenue from the United States.

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