Argo Properties NV (XTAE:ARGO) Long-Term Capital Lease Obligation : ₪0.0 Mil (As of Sep. 2023)

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What is Argo Properties NV Long-Term Capital Lease Obligation?

Argo Properties NV's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₪0.0 Mil.

Argo Properties NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Argo Properties 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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Argo Properties NV Long-Term Capital Lease Obligation Chart

Argo Properties NV Annual Data

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Long-Term Capital Lease Obligation

Argo Properties NV Quarterly Data
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Argo Properties NV (XTAE:ARGO) 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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Argo Properties NV (XTAE:ARGO) Business Description

Industry

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Address

Karl-Liebknecht-Strasse 2a, Leipzig, SN, DEU, 04107

Website

https://www.argo-nv.com

Argo Properties NV is a foreign company engaged in the purchase, management, and rental of residential and office buildings in Germany. The company's segment includes Income generating residential real estate and Income generating real estate for development. It generates maximum revenue from the Income generating residential real estate segment.