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029 Group SE (XTER:Z29) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2023)


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What is 029 Group SE Long-Term Capital Lease Obligation?

029 Group SE's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil.


029 Group SE Long-Term Capital Lease Obligation Historical Data

The historical data trend for 029 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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029 Group SE Long-Term Capital Lease Obligation Chart

029 Group SE Annual Data
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029 Group SE Semi-Annual Data
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029 Group SE  (XTER:Z29) 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.

029 Group SE Long-Term Capital Lease Obligation Related Terms

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029 Group SE (XTER:Z29) Business Description

Industry
Traded in Other Exchanges
Address
Neue Schonhauserstr. 3-5, Berlin, DEU, 10178
029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company investment is focused on two business sectors which are Hospitality and Lifestyle. The company operates in three segments Hospitality, Enabling Technologies, and Consumer Brands.

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