Nordic Flanges Group AB (OSTO:NFGAB) Long-Term Capital Lease Obligation : kr11.5 Mil (As of Dec. 2023)

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What is Nordic Flanges Group AB Long-Term Capital Lease Obligation?

Nordic Flanges Group AB's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr11.5 Mil.

Nordic Flanges Group AB's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (kr16.1 Mil) to Jun. 2023 (kr0.0 Mil) but then increased from Jun. 2023 (kr0.0 Mil) to Dec. 2023 (kr11.5 Mil).

Nordic Flanges Group AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr20.2 Mil) to Dec. 2022 (kr16.1 Mil) and declined from Dec. 2022 (kr16.1 Mil) to Dec. 2023 (kr11.5 Mil).

Nordic Flanges Group AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nordic Flanges Group 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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Nordic Flanges Group AB Long-Term Capital Lease Obligation Chart

Nordic Flanges Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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22.73

18.98

20.24

16.06

11.53

Nordic Flanges Group AB Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															20.24	-	16.06	-	11.53

Nordic Flanges Group AB (OSTO:NFGAB) 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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Nordic Flanges Group AB (OSTO:NFGAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Flanges Group AB (OSTO:NFGAB) » Definitions » Long-Term Capital Lease Obligation

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Address

Herkulesgatan 14, Stockholm, SWE, 111 52

Website

http://www.nordicflanges.se

Nordic Flanges Group AB is a manufacturer and supplier of standard and special flanges in Nordic countries. It provides flange solutions in stainless steel, aluminum and carbon steel. Its products include stock flanges, welding necks, welding rings and loose flanges in stainless steel, carbon steel and stock other types of flanges, DIN 2642 flanges, DIN 2527 blind flanges and DIN 2673 flanges for plastic piping.

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