Sinergon Holding AD (XBUL:SNRG) Long-Term Capital Lease Obligation : лв0.0 Mil (As of Jun. 2023)

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What is Sinergon Holding AD Long-Term Capital Lease Obligation?

Sinergon Holding AD's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was лв0.0 Mil.

Sinergon Holding AD's annual Long-Term Capital Lease Obligation declined from Dec. 2019 (лв3.3 Mil) to Dec. 2020 (лв1.5 Mil) and declined from Dec. 2020 (лв1.5 Mil) to Dec. 2021 (лв0.5 Mil).

Sinergon Holding AD Long-Term Capital Lease Obligation Historical Data

The historical data trend for Sinergon Holding AD'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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Sinergon Holding AD Long-Term Capital Lease Obligation Chart

Sinergon Holding AD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Long-Term Capital Lease Obligation

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3.49

2.90

3.28

1.50

0.53

Sinergon Holding AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.53	-	-	-	-

Sinergon Holding AD (XBUL:SNRG) 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.

Sinergon Holding AD Long-Term Capital Lease Obligation Related Terms

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Sinergon Holding AD (XBUL:SNRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sinergon Holding AD (XBUL:SNRG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Solunska Street, Sofia, BGR, 1000

Website

http://www.synergon.bg

Sinergon Holding AD is engaged in acquisition, management, valuation and sales of stake, patents and bonds in Bulgaria and internationally. The company is also engaged in providing tourist services, hotel and restaurant services.