CANCOM SE (CANCOM SE) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is CANCOM SE Long-Term Capital Lease Obligation?

CANCOM SE's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

CANCOM SE's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($158 Mil) but then declined from Dec. 2023 ($158 Mil) to Mar. 2024 ($0 Mil).

CANCOM SE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($108 Mil) to Dec. 2022 ($104 Mil) but then increased from Dec. 2022 ($104 Mil) to Dec. 2023 ($158 Mil).

CANCOM SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for CANCOM 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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CANCOM SE Long-Term Capital Lease Obligation Chart

CANCOM SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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80.31

106.10

108.26

103.69

157.65

CANCOM SE Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	155.15	-	157.65	-

CANCOM SE (OTCPK:CCCMF) 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.

CANCOM SE Long-Term Capital Lease Obligation Related Terms

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CANCOM SE (CANCOM SE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » CANCOM SE (OTCPK:CCCMF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

COKd:UK 0O0F:UK COK:Germany COK:Austria

Address

Erika-Mann-Strasse 69, Munich, BY, DEU, D-80636

Website

https://www.cancom.de

CANCOM SE is a provider of IT infrastructure and IT services in Germany and Austria. Business operations of the company are carried out through Germany, Austria, Switzerland, and the U.S.A. The company offers IT architecture, systems integration and managed services. The company managed its businesses in two segments: Cloud Solutions and IT Solutions of which the IT Solutions segment contributes a majority of total revenue. Cloud Solutions segment comprises the cloud and shared managed services business, including project related cloud hardware, software, and services business. IT Solutions offers comprehensive support for IT infrastructure and applications.