Melexis NV (XBRU:MELE) Long-Term Capital Lease Obligation : €4.2 Mil (As of Mar. 2024)

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What is Melexis NV Long-Term Capital Lease Obligation?

Melexis NV's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €4.2 Mil.

Melexis NV's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€3.1 Mil) to Dec. 2023 (€2.0 Mil) but then increased from Dec. 2023 (€2.0 Mil) to Mar. 2024 (€4.2 Mil).

Melexis NV's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2.9 Mil) to Dec. 2022 (€2.5 Mil) and declined from Dec. 2022 (€2.5 Mil) to Dec. 2023 (€2.0 Mil).

Melexis NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Melexis NV'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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Melexis NV Long-Term Capital Lease Obligation Chart

Melexis NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.03

2.12

2.91

2.54

1.99

Melexis NV 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															2.58	2.91	3.11	1.99	4.17

Melexis NV (XBRU:MELE) 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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Melexis NV (XBRU:MELE) Business Description

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0FA0:UK MEX:Germany

Address

Rozendaalstraat 12, Ieper, BEL, 8900

Website

https://www.melexis.com

Melexis designs sensor integrated circuits, which are a type of analog/mixed-signal chip, for the automobile industry. Its chips measure variables like positioning, temperature, electrical current, and pressure and convert real-world signals into digital signals to control car functionalities like the powertrain, rotation, safety systems, and pumps and fans, among many others.

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