Ferronordic AB (OSTO:FNM) Long-Term Capital Lease Obligation : kr53 Mil (As of Mar. 2024)

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What is Ferronordic AB Long-Term Capital Lease Obligation?

Ferronordic AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr53 Mil.

Ferronordic AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr51 Mil) to Dec. 2023 (kr59 Mil) but then declined from Dec. 2023 (kr59 Mil) to Mar. 2024 (kr53 Mil).

Ferronordic AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr97 Mil) to Dec. 2022 (kr43 Mil) but then increased from Dec. 2022 (kr43 Mil) to Dec. 2023 (kr59 Mil).

Ferronordic AB Long-Term Capital Lease Obligation Historical Data

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

Ferronordic AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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171.85

71.00

97.00

43.00

59.00

Ferronordic AB 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															38.00	57.00	51.00	59.00	53.00

Ferronordic AB (OSTO:FNM) 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.

Ferronordic AB Long-Term Capital Lease Obligation Related Terms

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Ferronordic AB (OSTO:FNM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ferronordic AB (OSTO:FNM) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AA4:Germany

Address

Nybrogatan 6, Stockholm, SWE, SE114 34

Website

https://www.ferronordic.com

Ferronordic AB is engaged in sales, rents, and services of construction equipment and other machinery. The company is authorized dealer of Volvo Construction Equipment, Terex Trucks, Dressta, Mecalac and Rottne and also appointed as aftermarket dealer for Volvo and Renault Trucks and dealer for Volvo Penta. The Group has two reporting segments: Germany and CIS (the Commonwealth of Independent States). The Germany segment comprises comprises of sales of new and used trucks, aftermarket sales, rental, and other services in Germany. CIS comprises of sales of new and used construction and other equipment, aftermarket sales, rental, contracting services and other services in CIS and currently only in Kazakhstan.

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