FOJCY (Fortum Oyj) Long-Term Capital Lease Obligation : $87 Mil (As of Sep. 2024)

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What is Fortum Oyj Long-Term Capital Lease Obligation?

Fortum Oyj's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $87 Mil.

Fortum Oyj's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($105 Mil) to Jun. 2024 ($103 Mil) and declined from Jun. 2024 ($103 Mil) to Sep. 2024 ($87 Mil).

Fortum Oyj's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($1,068 Mil) to Dec. 2022 ($106 Mil) and declined from Dec. 2022 ($106 Mil) to Dec. 2023 ($106 Mil).

Fortum Oyj Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fortum Oyj'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.

* Premium members only.

Fortum Oyj Long-Term Capital Lease Obligation Chart

Fortum Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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98.89

1,087.59

1,067.80

105.93

105.78

Fortum Oyj Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															99.25	105.78	105.44	103.34	86.57

Fortum Oyj (OTCPK:FOJCY) 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.

Fortum Oyj Long-Term Capital Lease Obligation Related Terms

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Fortum Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fortum Oyj (OTCPK:FOJCY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

FOJCF:USA 1FORT:Italy FORTMh:UK 0HAH:UK FORTUM:Finland FOT0:Germany FOT:Germany FOT:Germany

Address

Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, 02150

Website

https://www.fortum.com

Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.