KMC Properties ASA (OSL:KMCP) Long-Term Capital Lease Obligation : kr23.6 Mil (As of Mar. 2024)

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What is KMC Properties ASA Long-Term Capital Lease Obligation?

KMC Properties ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr23.6 Mil.

KMC Properties ASA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr24.1 Mil) to Dec. 2023 (kr23.6 Mil) but then stayed the same from Dec. 2023 (kr23.6 Mil) to Mar. 2024 (kr23.6 Mil).

KMC Properties ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr19.0 Mil) to Dec. 2022 (kr19.1 Mil) and increased from Dec. 2022 (kr19.1 Mil) to Dec. 2023 (kr23.6 Mil).

KMC Properties ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for KMC Properties 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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KMC Properties ASA Long-Term Capital Lease Obligation Chart

KMC Properties ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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19.00

19.10

23.60

KMC Properties ASA Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															24.00	24.00	24.10	23.60	23.60

KMC Properties ASA (OSL:KMCP) 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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KMC Properties ASA (OSL:KMCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KMC Properties ASA (OSL:KMCP) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Dyre Halses gate 1a, Trondheim, NOR, 7042

Website

https://www.kmcp.no

KMC Properties ASA is a real estate company whose business strategy is to invest in high-yield industrial and logistical properties, primarily in the light industry and warehouse segment. The company has a diversified portfolio of properties in the Nordics and the Netherlands. The company's portfolio consisted of 61 industrial and logistics properties in the Nordics and the Netherlands. The company's four largest tenants are BEWI ASA, Insula AS, Grontvedt Group, and Scana ASA.

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