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Believe (XPAR:BLV) Long-Term Capital Lease Obligation : €0.0 Mil (As of Jun. 2023)


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What is Believe Long-Term Capital Lease Obligation?

Believe's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0.0 Mil.

Believe's quarterly Long-Term Capital Lease Obligation increased from Jun. 2022 (€0.0 Mil) to Dec. 2022 (€18.5 Mil) but then declined from Dec. 2022 (€18.5 Mil) to Jun. 2023 (€0.0 Mil).

Believe's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (€24.8 Mil) to Dec. 2021 (€23.4 Mil) and declined from Dec. 2021 (€23.4 Mil) to Dec. 2022 (€18.5 Mil).


Believe Long-Term Capital Lease Obligation Historical Data

The historical data trend for Believe'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.

* Premium members only.

Believe Long-Term Capital Lease Obligation Chart

Believe Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - 24.80 23.40 18.49 -

Believe Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only 23.40 - 18.49 - -

Believe  (XPAR:BLV) 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.

Believe Long-Term Capital Lease Obligation Related Terms

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Believe (XPAR:BLV) Business Description

Traded in Other Exchanges
Address
24 rue Toulouse Lautrec, Paris, FRA, 75017
Believe SA specializes in the sale and promotion of audio and video content from artists and independent labels. The Company has identified two operating segments which is Premium Solutions and Automated Solutions. Premium solutions this consists mainly of the sale, promotion and delivery of digital content provided by artists and labels for which the Group is responsible for developing their catalog on digital platforms and social media, as appropriate, using a split revenue model. Automated Solutions whereby the Group enablesartists, via its TuneCore digital platform, to distribute their audio content in an automated manner to streaming and social media platforms in return for a subscription fee or margin. The company generated majority of its revenue from Premium Solutions.

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