GK Software SE (XTER:GKS) Long-Term Capital Lease Obligation : €5.7 Mil (As of Jun. 2023)

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What is GK Software SE Long-Term Capital Lease Obligation?

GK Software SE's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €5.7 Mil.

GK Software SE's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€6.4 Mil) to Mar. 2023 (€6.2 Mil) and declined from Mar. 2023 (€6.2 Mil) to Jun. 2023 (€5.7 Mil).

GK Software SE's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (€6.7 Mil) to Dec. 2021 (€5.3 Mil) but then increased from Dec. 2021 (€5.3 Mil) to Dec. 2022 (€6.4 Mil).

GK Software SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for GK Software SE'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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GK Software SE Long-Term Capital Lease Obligation Chart

GK Software SE Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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6.28

6.73

5.33

6.39

GK Software SE Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.16	6.35	6.39	6.25	5.74

GK Software SE (XTER:GKS) 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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GK Software SE (XTER:GKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GK Software SE (XTER:GKS) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GKS:Germany

Address

Waldstrasse 7, Schoneck, SN, DEU, D-08261

Website

https://www.gk-software.com

GK Software SE provides standard software for the retail sector. Its products include SAP Store Solutions by GK, GK-in-the-Cloud, Mobile Customer Experience, and many more. Its geographical segments include EMEA; Americas and Other business activities. The company generates maximum revenue from the EMEA segment.

Executives

André Hergert	Board of Directors
Rainer Gläß	Board of Directors
Herbert Zinn	Supervisory Board

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