Teco 2030 ASA (OSL:TECO) Long-Term Capital Lease Obligation : kr111.39 Mil (As of Sep. 2023)

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What is Teco 2030 ASA Long-Term Capital Lease Obligation?

Teco 2030 ASA's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr111.39 Mil.

Teco 2030 ASA's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (kr112.66 Mil) to Jun. 2023 (kr111.37 Mil) but then increased from Jun. 2023 (kr111.37 Mil) to Sep. 2023 (kr111.39 Mil).

Teco 2030 ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (kr0.22 Mil) to Dec. 2021 (kr117.33 Mil) but then declined from Dec. 2021 (kr117.33 Mil) to Dec. 2022 (kr113.02 Mil).

Teco 2030 ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Teco 2030 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.

* Premium members only.

Teco 2030 ASA Long-Term Capital Lease Obligation Chart

Teco 2030 ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.22

117.33

113.02

Teco 2030 ASA Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial									114.76	113.02	112.66	111.37	111.39

Teco 2030 ASA (OSL:TECO) 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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Teco 2030 ASA (OSL:TECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco 2030 ASA (OSL:TECO) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TECFF:USA TE9:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.teco2030.no

Teco 2030 ASA is an engineering and equipment development company in the renewable energy sector. The company is developing technologies for marine emission reduction like Proton-exchange membrane fuel cells system integration and particulate and black carbon capture for exhaust gas cleaning. Its solutions include TECO PEM Fuel cells, TECO Future Funnel, TECO Future Funnel, and TECO Fuel Cell Factory. Its geographical segments are the United States and Malaysia, of which the USA accounts for the majority of the revenue.

Teco 2030 ASA (OSL:TECO) Headlines

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