Econocom Group SE (XBRU:ECONB) Long-Term Capital Lease Obligation : €123 Mil (As of Dec. 2023)

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What is Econocom Group SE Long-Term Capital Lease Obligation?

Econocom Group SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €123 Mil.

Econocom Group SE's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€144 Mil) to Jun. 2023 (€131 Mil) and declined from Jun. 2023 (€131 Mil) to Dec. 2023 (€123 Mil).

Econocom Group SE's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€157 Mil) to Dec. 2022 (€144 Mil) and declined from Dec. 2022 (€144 Mil) to Dec. 2023 (€123 Mil).

Econocom Group SE Long-Term Capital Lease Obligation Historical Data

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

Econocom Group SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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177.60

161.20

157.40

143.80

123.30

Econocom Group SE Semi-Annual Data
	Jun14	Dec14	Jun15	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															157.40	147.60	143.80	130.50	123.30

Econocom Group SE (XBRU:ECONB) 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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Econocom Group SE (XBRU:ECONB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Econocom Group SE (XBRU:ECONB) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0RPX:UK 1E91:Germany

Address

11 square Leon Blum, Puteaux, FRA, 92800

Website

https://www.econocom.com

Econocom Group SE Formerly Econocom Group SA/NV is a European company that designs, finances, and oversees the digital transformation of businesses. The company provides consulting technology management, and financing of digital assets under the Econocom and Atlance brands, as well as application and digital solution services for client companies' IT systems. Additionally, Econocom provides security guidelines and tools, web and mobile applications, and project financing. The company generates revenue from France, Benelux, and other regions in Europe and the Americas, with France representing more than half of total sales. The company operates through three segments: Technology management and financing and Digital Services & Solutions.

Econocom Group SE (XBRU:ECONB) Headlines

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