Soltec Power Holdings (XMAD:SOL) Long-Term Capital Lease Obligation : €18.0 Mil (As of Jun. 2023)

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What is Soltec Power Holdings Long-Term Capital Lease Obligation?

Soltec Power Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €18.0 Mil.

Soltec Power Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (€16.0 Mil) to Dec. 2022 (€16.0 Mil) but then increased from Dec. 2022 (€16.0 Mil) to Jun. 2023 (€18.0 Mil).

Soltec Power Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€15.2 Mil) to Dec. 2021 (€15.9 Mil) and increased from Dec. 2021 (€15.9 Mil) to Dec. 2022 (€16.0 Mil).

Soltec Power Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Soltec Power Holdings'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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Soltec Power Holdings Long-Term Capital Lease Obligation Chart

Soltec Power Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

15.24

15.88

16.01

Soltec Power Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			16.20	15.88	16.04	16.01	17.95

Soltec Power Holdings (XMAD:SOL) 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.

Soltec Power Holdings Long-Term Capital Lease Obligation Related Terms

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Soltec Power Holdings (XMAD:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Soltec Power Holdings SA (XMAD:SOL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

0AC5:UK 5PZ:Germany

Address

Gabriel Campillo Street, Poligono Industrial la Serreta s/n, Molina de Segura, Murcia, ESP, 30500

Website

http://www.soltecpowerholdings.com

Soltec Power Holdings SA is specialized in providing integrated solutions in solar PV energy. The company designs, manufactures and installs solar tracking systems and develops solar power projects. Its business is divided into industrial (trackers and construction services) business line, which is also referred to as Soltec Industrial, and project development business line, which is also referred to as Powertis. It offers a portfolio of solar trackers, including the SF8 and SF7 single-axis trackers, the SF8 and SF7 bi-facial trackers and the SF7 Tandem.