Florentaise S A (XPAR:ALFLO) Long-Term Capital Lease Obligation : €10.88 Mil (As of Jun. 2022)

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What is Florentaise S A Long-Term Capital Lease Obligation?

Florentaise S A's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2022 was €10.88 Mil.

Florentaise S A's quarterly Long-Term Capital Lease Obligation increased from Jun. 2020 (€3.53 Mil) to Jun. 2021 (€7.22 Mil) and increased from Jun. 2021 (€7.22 Mil) to Jun. 2022 (€10.88 Mil).

Florentaise S A's annual Long-Term Capital Lease Obligation increased from Jun. 2020 (€3.53 Mil) to Jun. 2021 (€7.22 Mil) and increased from Jun. 2021 (€7.22 Mil) to Jun. 2022 (€10.88 Mil).

Florentaise S A Long-Term Capital Lease Obligation Historical Data

The historical data trend for Florentaise S A'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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Florentaise S A Long-Term Capital Lease Obligation Chart

Florentaise S A Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Long-Term Capital Lease Obligation

3.57

3.53

7.22

10.88

Florentaise S A Semi-Annual Data
	Jun19	Jun20	Jun21	Jun22
Long-Term Capital Lease Obligation	3.57	3.53	7.22	10.88

Florentaise S A (XPAR:ALFLO) 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.

Florentaise S A Long-Term Capital Lease Obligation Related Terms

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Florentaise S A (XPAR:ALFLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Florentaise S A (XPAR:ALFLO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

QR0:Germany

Address

Le Grand Patis, Saint-Mars-du-Desert, FRA, 44850

Website

https://www.florentaise.com

Florentaise S A ambition is to develop innovative products and components serving the cultivation, food and health of plants that are both environmentally friendly and effective.

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