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


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What is Nokian Tyres Long-Term Capital Lease Obligation?

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

Nokian Tyres's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($95 Mil) to Dec. 2023 ($100 Mil) but then declined from Dec. 2023 ($100 Mil) to Mar. 2024 ($0 Mil).

Nokian Tyres's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($134 Mil) to Dec. 2022 ($98 Mil) but then increased from Dec. 2022 ($98 Mil) to Dec. 2023 ($100 Mil).

Nokian Tyres Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nokian Tyres'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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Nokian Tyres Long-Term Capital Lease Obligation Chart

Nokian Tyres Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.33 157.30 133.90 98.09 99.89

Nokian Tyres 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 95.41 99.89 -

Nokian Tyres  (OTCPK:NKRKY) 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.

Nokian Tyres Long-Term Capital Lease Obligation Related Terms

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Nokian Tyres (Nokian Tyres) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (OTCPK:NKRKY) » Definitions » Long-Term Capital Lease Obligation
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OHEL:RELAIS OHEL:DUELL TSE:7315 TSE:6902 TSE:5108 XPAR:ML MBLY APTV XKRX:012330 TSX:MG SHSE:600660 XTER:CON LKQ ISX:ASII TSE:5802 TSE:7259 BOM:500530 SHSE:601689 XTER:HLE ALV
Traded in Other Exchanges
NKRKF:USA 1TYRES:Italy 0FFY:UK TYRES:Finland NRE:Germany
Address
Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101
Website
https://www.nokiantyres.com
Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.