Flexdeal Simfe (XLIS:FLEXD) Long-Term Capital Lease Obligation : €0.20 Mil (As of Sep. 2023)

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What is Flexdeal Simfe Long-Term Capital Lease Obligation?

Flexdeal Simfe's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.20 Mil.

Flexdeal Simfe's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (€0.15 Mil) to Mar. 2023 (€0.13 Mil) but then increased from Mar. 2023 (€0.13 Mil) to Sep. 2023 (€0.20 Mil).

Flexdeal Simfe's annual Long-Term Capital Lease Obligation increased from Sep. 2021 (€0.09 Mil) to Sep. 2022 (€0.15 Mil) and increased from Sep. 2022 (€0.15 Mil) to Sep. 2023 (€0.20 Mil).

Flexdeal Simfe Long-Term Capital Lease Obligation Historical Data

The historical data trend for Flexdeal Simfe'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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Flexdeal Simfe Long-Term Capital Lease Obligation Chart

Flexdeal Simfe Annual Data

Trend

Dec16

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.04

0.05

0.09

0.15

0.20

Flexdeal Simfe Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							0.09	0.18	0.15	0.13	0.20

Flexdeal Simfe (XLIS:FLEXD) 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.

Flexdeal Simfe Long-Term Capital Lease Obligation Related Terms

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Flexdeal Simfe (XLIS:FLEXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flexdeal Simfe SA (XLIS:FLEXD) » Definitions » Long-Term Capital Lease Obligation

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Address

Rua Dr. Francisco Torres N.78, Barcelos, PRT, 4750-160

Website

https://www.flexdeal.pt

Flexdeal Simfe SA is an investment managment company. The company invests in securities issued by companies eligible for investment by movable investment companies to promote the economy.

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