Izertis (XMAD:IZER) Long-Term Capital Lease Obligation : €3.0 Mil (As of Dec. 2023)

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What is Izertis Long-Term Capital Lease Obligation?

Izertis's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.0 Mil.

Izertis's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (€1.6 Mil) to Jun. 2023 (€2.6 Mil) and increased from Jun. 2023 (€2.6 Mil) to Dec. 2023 (€3.0 Mil).

Izertis's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€1.7 Mil) to Dec. 2022 (€1.6 Mil) but then increased from Dec. 2022 (€1.6 Mil) to Dec. 2023 (€3.0 Mil).

Izertis Long-Term Capital Lease Obligation Historical Data

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

Izertis Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.04

1.69

1.58

3.03

Izertis Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							1.69	0.02	1.58	2.65	3.03

Izertis (XMAD:IZER) 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.

Izertis Long-Term Capital Lease Obligation Related Terms

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Izertis (XMAD:IZER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Izertis SA (XMAD:IZER) » Definitions » Long-Term Capital Lease Obligation

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Address

Avda. del Jardin Botanico 1345, Edificio Intra, Gijon, ESP, 33203

Website

https://www.izertis.com

Izertis SA is a technology consulting company. The company is specialized in providing strategic digital transformation consulting services in areas like AI, Data & Intelligence, Cyber Security, Blockchain, Business solutions, and Smart Software labs.

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