M2iS (XPAR:ALMII) Long-Term Capital Lease Obligation : €0.50 Mil (As of Dec. 2023)

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What is M2iS Long-Term Capital Lease Obligation?

M2iS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.50 Mil.

M2iS's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€0.81 Mil) to Jun. 2023 (€0.67 Mil) and declined from Jun. 2023 (€0.67 Mil) to Dec. 2023 (€0.50 Mil).

M2iS's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€3.73 Mil) to Dec. 2022 (€0.81 Mil) and declined from Dec. 2022 (€0.81 Mil) to Dec. 2023 (€0.50 Mil).

M2iS Long-Term Capital Lease Obligation Historical Data

The historical data trend for M2iS'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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M2iS Long-Term Capital Lease Obligation Chart

M2iS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.73

0.81

0.50

M2iS Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											3.73	0.20	0.81	0.67	0.50

M2iS (XPAR:ALMII) 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.

M2iS Long-Term Capital Lease Obligation Related Terms

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M2iS (XPAR:ALMII) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » M2i SAS (XPAR:ALMII) » Definitions » Long-Term Capital Lease Obligation

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Address

146-148 rue de Picpus, Paris, FRA, 75012

Website

http://www.m2iformation.fr

M2i SAS is a France-based company that offers training courses specialized in the field of information technology (IT), office automation, multimedia, and graphic arts. The platforms operated by the company include M2i diploma training, miiC Community Portal, Academiic and M2i Location.

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