SKF AB (SKF AB) Other Long-Term Liabilities : $2,076 Mil (As of Mar. 2024)

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What is SKF AB Other Long-Term Liabilities?

SKF AB's other long-term liabilities for the quarter that ended in Mar. 2024 was $2,076 Mil.

SKF AB's quarterly other long-term liabilities declined from Sep. 2023 ($1,971 Mil) to Dec. 2023 ($293 Mil) but then increased from Dec. 2023 ($293 Mil) to Mar. 2024 ($2,076 Mil).

SKF AB's annual other long-term liabilities increased from Dec. 2021 ($275 Mil) to Dec. 2022 ($311 Mil) but then declined from Dec. 2022 ($311 Mil) to Dec. 2023 ($293 Mil).

SKF AB Other Long-Term Liabilities Historical Data

The historical data trend for SKF AB's Other Long-Term Liabilities 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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SKF AB Other Long-Term Liabilities Chart

SKF AB Annual Data

Trend

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Other Long-Term Liabilities

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SKF AB Quarterly Data
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SKF AB Other Long-Term Liabilities Calculation

Other Long-Term Liabilities are the other liabilities on the balance sheet that do not need to be repaid within the next 12 months, but still need to be repaid over time. For instance, on Wal-Mart's balance sheet, there are items called Long Term obligations under capital leases, deferred income taxes, and redeemable non-controlling interest. These are all Other Long-Term Liabilities.

SKF AB Other Long-Term Liabilities Related Terms

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SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Other Long-Term Liabilities

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.