Proactis (XPAR:PROAC) Long-Term Capital Lease Obligation : €0.28 Mil (As of Jan. 2023)

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What is Proactis Long-Term Capital Lease Obligation?

Proactis's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2023 was €0.28 Mil.

Proactis's quarterly Long-Term Capital Lease Obligation declined from Jan. 2022 (€0.33 Mil) to Jul. 2022 (€0.31 Mil) and declined from Jul. 2022 (€0.31 Mil) to Jan. 2023 (€0.28 Mil).

Proactis's annual Long-Term Capital Lease Obligation declined from Jul. 2020 (€0.83 Mil) to Jul. 2021 (€0.45 Mil) and declined from Jul. 2021 (€0.45 Mil) to Jul. 2022 (€0.31 Mil).

Proactis Long-Term Capital Lease Obligation Historical Data

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

Proactis Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Jul18

Jul19

Jul20

Jul21

Jul22

Long-Term Capital Lease Obligation

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0.83

0.45

0.31

Proactis Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.74	0.45	0.33	0.31	0.28

Proactis (XPAR:PROAC) 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.

Proactis Long-Term Capital Lease Obligation Related Terms

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Proactis (XPAR:PROAC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Proactis SA (XPAR:PROAC) » Definitions » Long-Term Capital Lease Obligation

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Address

28 Quai Gallieni, Suresnes, FRA, 92150

Website

http://www.proactis.com

Proactis SA is involved in providing business software solutions to various organisations. It offers its solutions to Public Sector, Education, Retail, Financial Services, Not-for-Profit, Housing Authorities and Property and Facilities Management among others.

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