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Parx Materials NV (XPAR:MLPRX) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2022)


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What is Parx Materials NV Long-Term Capital Lease Obligation?

Parx Materials NV's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2022 was €0.00 Mil.


Parx Materials NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Parx Materials NV'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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Parx Materials NV Long-Term Capital Lease Obligation Chart

Parx Materials NV Annual Data
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Parx Materials NV  (XPAR:MLPRX) 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.

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Parx Materials NV (XPAR:MLPRX) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Goudsesingel 96 (Unit 1.7), Rotterdam, NLD, 3011 KD
Parx Materials NV is a holding company. It is engaged in developing, manufacturing, and marketing biocompatible plastics and antibacterial polymers. The company through its patented process is integrating it in plastics improving the material's characteristics to protect the surface from bacteria, molds, and fungi. Its technology does not impact any of the original features of the material and the antibacterial property lasts a lifetime. The company's technology can be used for roughly any application, for example for toilet seats, mobile phones, light switches, hospital beds, medical devices, remote controls, door handles, refrigerators, and packaging materials.

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