SalMar ASA (SalMar ASA) Long-Term Capital Lease Obligation : $140 Mil (As of Mar. 2024)

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What is SalMar ASA Long-Term Capital Lease Obligation?

SalMar ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $140 Mil.

SalMar ASA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($113 Mil) to Dec. 2023 ($142 Mil) but then declined from Dec. 2023 ($142 Mil) to Mar. 2024 ($140 Mil).

SalMar ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($84 Mil) to Dec. 2022 ($117 Mil) and increased from Dec. 2022 ($117 Mil) to Dec. 2023 ($142 Mil).

SalMar ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for SalMar ASA'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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SalMar ASA Long-Term Capital Lease Obligation Chart

SalMar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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54.18

88.33

83.59

116.62

142.35

SalMar ASA 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															125.33	117.63	112.54	142.35	140.31

SalMar ASA (OTCPK:SALRY) 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.

SalMar ASA Long-Term Capital Lease Obligation Related Terms

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SalMar ASA (SalMar ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SalMar ASA (OTCPK:SALRY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SALRF:USA SALMO:Sweden SALM:Norway 0FWY:UK JEP:Germany

Address

Industriveien 51, Kverva, NOR, N-7266

Website

https://www.salmar.no

SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material. Customers include importers, exporters, and larger processing companies and retail chains.

SalMar ASA (SalMar ASA) Headlines

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