Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Long-Term Capital Lease Obligation : $507 Mil (As of Mar. 2024)

View and export this data going back to 1989. Start your Free Trial

What is Telefonaktiebolaget L M Ericsson Long-Term Capital Lease Obligation?

Telefonaktiebolaget L M Ericsson's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $507 Mil.

Telefonaktiebolaget L M Ericsson's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($511 Mil) to Dec. 2023 ($509 Mil) and declined from Dec. 2023 ($509 Mil) to Mar. 2024 ($507 Mil).

Telefonaktiebolaget L M Ericsson's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($779 Mil) to Dec. 2022 ($657 Mil) and declined from Dec. 2022 ($657 Mil) to Dec. 2023 ($509 Mil).

Telefonaktiebolaget L M Ericsson Long-Term Capital Lease Obligation Historical Data

The historical data trend for Telefonaktiebolaget L M Ericsson'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.

Telefonaktiebolaget L M Ericsson Long-Term Capital Lease Obligation Chart

Telefonaktiebolaget L M Ericsson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

805.20

849.45

778.80

656.97

508.89

Telefonaktiebolaget L M Ericsson Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															612.14	565.51	510.79	508.89	507.14

Telefonaktiebolaget L M Ericsson (NAS:ERIC) 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.

Telefonaktiebolaget L M Ericsson Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Telefonaktiebolaget L M Ericsson's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telefonaktiebolaget L M Ericsson (NAS:ERIC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Address

Torshamnsgatan 21, Kista, Stockholm, SWE, SE-164 83

Website

https://www.ericsson.com

Ericsson provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.