Sandvik AB (Sandvik AB) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is Sandvik AB Long-Term Capital Lease Obligation?

Sandvik AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

Sandvik AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($428 Mil) but then declined from Dec. 2023 ($428 Mil) to Mar. 2024 ($0 Mil).

Sandvik AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($327 Mil) to Dec. 2022 ($390 Mil) and increased from Dec. 2022 ($390 Mil) to Dec. 2023 ($428 Mil).

Sandvik AB Long-Term Capital Lease Obligation Historical Data

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

Sandvik AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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259.53

259.47

327.30

389.57

427.88

Sandvik 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															-	-	-	427.88	-

Sandvik AB (OTCPK:SDVKY) 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.

Sandvik AB Long-Term Capital Lease Obligation Related Terms

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Sandvik AB (Sandvik AB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sandvik AB (OTCPK:SDVKY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SDVKF:USA SAND:Sweden SAND:Mexico SANDs:UK 0HC0:UK SVKB:Germany

Address

Kungsbron 1, Section G, Floor 6, Stockholm, SWE, 111 22

Website

https://www.sandvik.com

Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The company's core operations are in metal cutting and mining equipment. The company has a well-documented history, having been founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.Europe is the largest contributor to group sales at 27%, followed by North America 25%, Asia 19%, Australia 12%, Africa/Middle East 11%, and South America 6%.