Nacon (XPAR:NACON) Long-Term Capital Lease Obligation : €5.6 Mil (As of Sep. 2023)

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What is Nacon Long-Term Capital Lease Obligation?

Nacon's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was €5.6 Mil.

Nacon's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 (€5.5 Mil) to Mar. 2023 (€4.4 Mil) but then increased from Mar. 2023 (€4.4 Mil) to Sep. 2023 (€5.6 Mil).

Nacon's annual Long-Term Capital Lease Obligation increased from Mar. 2021 (€2.9 Mil) to Mar. 2022 (€6.1 Mil) but then declined from Mar. 2022 (€6.1 Mil) to Mar. 2023 (€4.4 Mil).

Nacon Long-Term Capital Lease Obligation Historical Data

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

Nacon Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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1.99

2.93

6.07

4.44

Nacon Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								3.01	6.07	5.50	4.44	5.58

Nacon (XPAR:NACON) 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.

Nacon Long-Term Capital Lease Obligation Related Terms

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Nacon (XPAR:NACON) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Nacon SA (XPAR:NACON) » Definitions » Long-Term Capital Lease Obligation

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4AW:Germany

Address

396/466, Rue de la Voyette, CRT 2, Fretin, FRA, 59273

Website

https://www.nacongaming.com

Nacon SA is a France based video game company. It designs and distributes accessories for video game consoles, and publishes video games for various platforms.

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