Glintt - Global Intelligent Technologies (XLIS:GLINT) Long-Term Capital Lease Obligation : €3.5 Mil (As of Dec. 2023)

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What is Glintt - Global Intelligent Technologies Long-Term Capital Lease Obligation?

Glintt - Global Intelligent Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.5 Mil.

Glintt - Global Intelligent Technologies's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€4.0 Mil) to Sep. 2023 (€4.4 Mil) but then declined from Sep. 2023 (€4.4 Mil) to Dec. 2023 (€3.5 Mil).

Glintt - Global Intelligent Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€2.6 Mil) to Dec. 2022 (€2.1 Mil) but then increased from Dec. 2022 (€2.1 Mil) to Dec. 2023 (€3.5 Mil).

Glintt - Global Intelligent Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Glintt - Global Intelligent Technologies'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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Glintt - Global Intelligent Technologies Long-Term Capital Lease Obligation Chart

Glintt - Global Intelligent Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.68

2.97

2.59

2.13

3.54

Glintt - Global Intelligent Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.13	3.34	4.04	4.38	3.54

Glintt - Global Intelligent Technologies (XLIS:GLINT) 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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Glintt - Global Intelligent Technologies (XLIS:GLINT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Glintt - Global Intelligent Technologies SA (XLIS:GLINT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

PAJA:Germany

Address

Beloura Office Park, Edificio 10, Quinta da Beloura, Sintra, PRT, 2710-693

Website

http://www.glintt.com

Glintt - Global Intelligent Technologies SA along with its holding provides Information Technology and related consulting services. It offers business consulting, management of IT infrastructures and solutions, physical design & automation, software solution, and support services. The company serves healthcare, pharma, financial services, and public sector. It operates in Portugal, Spain, Angola, Brazil, the United Kingdom, and Ireland.

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