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2CRSI (XPAR:AL2SI) Long-Term Capital Lease Obligation : €0.0 Mil (As of Aug. 2023)


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What is 2CRSI Long-Term Capital Lease Obligation?

2CRSI's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2023 was €0.0 Mil.

2CRSI's quarterly Long-Term Capital Lease Obligation declined from Aug. 2022 (€11.0 Mil) to Feb. 2023 (€10.0 Mil) and declined from Feb. 2023 (€10.0 Mil) to Aug. 2023 (€0.0 Mil).

2CRSI's annual Long-Term Capital Lease Obligation increased from Dec. 2018 (€3.6 Mil) to Feb. 2021 (€14.0 Mil) but then declined from Feb. 2021 (€14.0 Mil) to Feb. 2022 (€12.3 Mil).


2CRSI Long-Term Capital Lease Obligation Historical Data

The historical data trend for 2CRSI'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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2CRSI Long-Term Capital Lease Obligation Chart

2CRSI Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Feb21 Feb22
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial 0.96 1.45 3.64 14.01 12.31

2CRSI Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.10 12.31 11.02 10.00 -

2CRSI  (XPAR:AL2SI) 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.

2CRSI Long-Term Capital Lease Obligation Related Terms

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2CRSI (XPAR:AL2SI) Business Description

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32 rue Jacobi-Netter, Strasbourg, FRA, 67200
2CRSI SA is engaged in researching, designing and manufacturing servers and IT solutions. The company offers expertise in storage solutions, intensive computing, dedicated servers, converged systems and appliances.

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