Volvo Car AB (OSTO:VOLCAR B) Long-Term Capital Lease Obligation : kr4,976 Mil (As of Mar. 2024)

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What is Volvo Car AB Long-Term Capital Lease Obligation?

Volvo Car AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr4,976 Mil.

Volvo Car AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr0 Mil) to Dec. 2023 (kr4,786 Mil) and increased from Dec. 2023 (kr4,786 Mil) to Mar. 2024 (kr4,976 Mil).

Volvo Car AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr5,509 Mil) to Dec. 2022 (kr4,845 Mil) and declined from Dec. 2022 (kr4,845 Mil) to Dec. 2023 (kr4,786 Mil).

Volvo Car AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Volvo Car 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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Volvo Car AB Long-Term Capital Lease Obligation Chart

Volvo Car AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4,815.00

5,509.00

4,845.00

4,786.00

Volvo Car AB Quarterly Data
	Dec18	Dec19	Jun20	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												-	-	-	4,786.00	4,976.00

Volvo Car AB (OSTO:VOLCAR B) 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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Volvo Car AB (OSTO:VOLCAR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volvo Car AB (OSTO:VOLCAR B) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

VLVCY:USA VLVOF:USA VOLCBs:UK 8JO:Germany

Address

VAK Building, Gunnar Engellaus Vag, Gothenburg, SWE, 405 31

Website

https://www.volvocars.com

Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it derives a majority of its revenue from China and also has a presence in the US; Sweden; Germany; United Kingdom; Japan, and South Korea. It generates maximum revenue from the sale of new cars.

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