Nurminen Logistics Oyj (Nurminen Logistics Oyj) Long-Term Capital Lease Obligation : $9.8 Mil (As of Dec. 2023)

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What is Nurminen Logistics Oyj Long-Term Capital Lease Obligation?

Nurminen Logistics Oyj's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.8 Mil.

Nurminen Logistics Oyj's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 ($9.5 Mil) to Jun. 2023 ($10.0 Mil) but then declined from Jun. 2023 ($10.0 Mil) to Dec. 2023 ($9.8 Mil).

Nurminen Logistics Oyj's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($10.4 Mil) to Dec. 2022 ($9.5 Mil) but then increased from Dec. 2022 ($9.5 Mil) to Dec. 2023 ($9.8 Mil).

Nurminen Logistics Oyj Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nurminen Logistics 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.

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Nurminen Logistics Oyj Long-Term Capital Lease Obligation Chart

Nurminen Logistics Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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29.84

11.96

10.41

9.48

9.82

Nurminen Logistics Oyj Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.41	9.58	9.48	9.98	9.82

Nurminen Logistics Oyj (GREY:NRNMF) 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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Nurminen Logistics Oyj (Nurminen Logistics Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nurminen Logistics Oyj (GREY:NRNMF) » Definitions » Long-Term Capital Lease Obligation

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NLG1V:Finland 8I4:Germany

Address

Satamakaari 24, Helsinki, FIN, 00980

Website

https://www.nurminenlogistics.com

Nurminen Logistics Oyj is engaged in the provision of logistics services. The company offers high-quality rail transport, terminal, and multimodal solutions between Asia and Europe and in the Nordic and Baltic countries. The company's revenue consists mainly of forwarding services, railway transport and terminal services. The company also receives income from short-term and long-term warehousing services. Geographically, it derives most of its revenue from Baltic countries and has a presence in Russia.

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