Hifab Group AB (OSTO:HIFA B) Long-Term Capital Lease Obligation : kr11.2 Mil (As of Mar. 2024)

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What is Hifab Group AB Long-Term Capital Lease Obligation?

Hifab Group AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr11.2 Mil.

Hifab Group AB's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr13.3 Mil) to Dec. 2023 (kr11.4 Mil) and declined from Dec. 2023 (kr11.4 Mil) to Mar. 2024 (kr11.2 Mil).

Hifab Group AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr10.5 Mil) to Dec. 2022 (kr5.0 Mil) but then increased from Dec. 2022 (kr5.0 Mil) to Dec. 2023 (kr11.4 Mil).

Hifab Group AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hifab Group AB'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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Hifab Group AB Long-Term Capital Lease Obligation Chart

Hifab Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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16.19

10.87

10.52

4.99

11.38

Hifab Group AB 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															11.90	12.70	13.30	11.38	11.20

Hifab Group AB (OSTO:HIFA B) 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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Hifab Group AB (OSTO:HIFA B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hifab Group AB (OSTO:HIFA B) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Sveavagen 167, P O Box 19090, Stockholm, SWE, SE-104 32

Website

http://www.hifab.se

Hifab Group AB is a Sweden-based project management company. It is primarily engaged in providing project management and advisory services to achieve sustainable development and optimization of the resources. The service offered by the company includes planning management, construction and installation management, environmental control, inspection services, and other services. The company operates in Sweden, Asia, Africa, and the Rest of Europe, out of which the majority of the revenue is generated from Sweden.

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