Ethernity Networks (FRA:82N) Long-Term Capital Lease Obligation : €0.70 Mil (As of Dec. 2023)

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What is Ethernity Networks Long-Term Capital Lease Obligation?

Ethernity Networks's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.70 Mil.

Ethernity Networks's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€2.37 Mil) to Jun. 2023 (€2.10 Mil) and declined from Jun. 2023 (€2.10 Mil) to Dec. 2023 (€0.70 Mil).

Ethernity Networks's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2.72 Mil) to Dec. 2022 (€2.37 Mil) and declined from Dec. 2022 (€2.37 Mil) to Dec. 2023 (€0.70 Mil).

Ethernity Networks Long-Term Capital Lease Obligation Historical Data

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

Ethernity Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.28

0.12

2.72

2.37

0.70

Ethernity Networks Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													2.72	2.48	2.37	2.10	0.70

Ethernity Networks (FRA:82N) 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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Ethernity Networks (FRA:82N) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ethernity Networks Ltd (FRA:82N) » Definitions » Long-Term Capital Lease Obligation

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ENET:UK

Address

1 Golan Street, Corner HaNegev, Beit Golan, 3rd Floor, Airport City, ISR, 7019900

Website

https://www.ethernitynet.com

Ethernity Networks Ltd develops and markets technology solutions for Carrier Ethernet switching, including broadband access, mobile backhaul, and data centers. The company's only operating segment is the development and delivery of high-end network processing technology. Geographically, it derives a majority of its revenue from the United States and also has a presence in Asia, Europe, and Israel. Its product categories include SoCs, SmartNICs, and Network Appliances.

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