Gram Car Carriers ASA (FRA:G39) Long-Term Capital Lease Obligation : €1.1 Mil (As of Mar. 2024)

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What is Gram Car Carriers ASA Long-Term Capital Lease Obligation?

Gram Car Carriers ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1.1 Mil.

Gram Car Carriers ASA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€1.3 Mil) to Dec. 2023 (€1.2 Mil) and declined from Dec. 2023 (€1.2 Mil) to Mar. 2024 (€1.1 Mil).

Gram Car Carriers ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€27.0 Mil) to Dec. 2022 (€0.0 Mil) but then increased from Dec. 2022 (€0.0 Mil) to Dec. 2023 (€1.2 Mil).

Gram Car Carriers ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gram Car Carriers 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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Gram Car Carriers ASA Long-Term Capital Lease Obligation Chart

Gram Car Carriers ASA Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

26.97

1.15

Gram Car Carriers ASA Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial								-	0.11	1.26	1.15	1.07

Gram Car Carriers ASA (FRA:G39) 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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Gram Car Carriers ASA (FRA:G39) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gram Car Carriers ASA (FRA:G39) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

GCCo:Sweden GCC:Norway

Address

Bryggegata 9 (Aker Brygge), Oslo, NOR, 0250

Website

https://www.gramcar.com

Gram Car Carriers ASA is a tonnage provider with a fleet of distribution vessels, mid-size vessels, and Panamax vessels. Geographically company has a presence in Europe, Asia, and others. The majority of the revenue is derived from Asia.

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