Vectron Systems AG (XTER:V3S) Long-Term Capital Lease Obligation : €6.96 Mil (As of Jun. 2023)

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What is Vectron Systems AG Long-Term Capital Lease Obligation?

Vectron Systems AG's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €6.96 Mil.

Vectron Systems AG's quarterly Long-Term Capital Lease Obligation declined from Jun. 2022 (€7.33 Mil) to Dec. 2022 (€7.01 Mil) and declined from Dec. 2022 (€7.01 Mil) to Jun. 2023 (€6.96 Mil).

Vectron Systems AG's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (€0.11 Mil) to Dec. 2021 (€7.63 Mil) but then declined from Dec. 2021 (€7.63 Mil) to Dec. 2022 (€7.01 Mil).

Vectron Systems AG Long-Term Capital Lease Obligation Historical Data

The historical data trend for Vectron Systems AG'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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Vectron Systems AG Long-Term Capital Lease Obligation Chart

Vectron Systems AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.11

7.63

7.01

Vectron Systems AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	7.63	7.33	7.01	6.96

Vectron Systems AG (XTER:V3S) 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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Vectron Systems AG (XTER:V3S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vectron Systems AG (XTER:V3S) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

V3S:Germany V3S:Germany V3S:Germany

Address

Willy-Brandt-Weg 41, Munster, DEU, 48155

Website

http://www.vectron.de

Vectron Systems AG engages in the production and sale of point of sale (POS) systems and communication software for the networking of branch shops in Germany. It offers stationary and mobile POS systems; POS software; Commander communications software for the interconnection of POS systems; peripherals, such as customer displays and transponders; ECR app, a mobile app for hospitality professionals; trade solutions for hospitality, gastronomy, bakeries, hotels, and cafes; and bonVito, an online marketing instrument with various functions in the areas of customer retention.

Executives

Dr. Rer. Oec. Ralf-peter Simon	Board of Directors
Christoph Thye	Board of Directors
Thomas Stümmler	Board of Directors
Jens Reckendorf	Board of Directors
Andreas Prenner	Supervisory Board

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