Solwers Oyj (OHEL:SOLWERS) Long-Term Capital Lease Obligation : €3.45 Mil (As of Dec. 2023)

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What is Solwers Oyj Long-Term Capital Lease Obligation?

Solwers Oyj's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €3.45 Mil.

Solwers Oyj's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€2.28 Mil) to Jun. 2023 (€0.00 Mil) but then increased from Jun. 2023 (€0.00 Mil) to Dec. 2023 (€3.45 Mil).

Solwers Oyj's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2.24 Mil) to Dec. 2022 (€2.28 Mil) and increased from Dec. 2022 (€2.28 Mil) to Dec. 2023 (€3.45 Mil).

Solwers Oyj Long-Term Capital Lease Obligation Historical Data

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

Solwers Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.30

1.81

2.24

2.28

3.45

Solwers Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					2.24	-	2.28	-	3.45

Solwers Oyj (OHEL:SOLWERS) 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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Solwers Oyj (OHEL:SOLWERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Solwers Oyj (OHEL:SOLWERS) » Definitions » Long-Term Capital Lease Obligation

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0ST:Germany

Address

Kappelikuja 6 B, 2nd Floor, Espoo, FIN, 02200

Website

https://www.solwers.fi

Solwers Oyj is engaged in providing architecture, technical consulting, environmental monitoring, project management, circular economy, and digital solutions. It offers a wide range of design and project management solutions for building individual and sustainable environments in Finland and Sweden. In addition, its two subsidiaries offer financial services.

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