Northbaze Group AB (OSTO:NBZ) Long-Term Capital Lease Obligation : kr6.7 Mil (As of Mar. 2024)

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

Northbaze Group AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr6.7 Mil.

Northbaze Group AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr0.2 Mil) to Dec. 2023 (kr7.2 Mil) but then declined from Dec. 2023 (kr7.2 Mil) to Mar. 2024 (kr6.7 Mil).

Northbaze Group AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr0.1 Mil) to Dec. 2022 (kr0.4 Mil) and increased from Dec. 2022 (kr0.4 Mil) to Dec. 2023 (kr7.2 Mil).

Northbaze Group AB Long-Term Capital Lease Obligation Historical Data

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

Northbaze Group AB Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.24

0.07

0.36

7.17

Northbaze 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															0.33	0.26	0.21	7.17	6.65

Northbaze Group AB (OSTO:NBZ) 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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Northbaze Group AB (OSTO:NBZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Northbaze Group AB (OSTO:NBZ) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Asogatan 121, 4F, Stockholm, SWE, 116 24

Website

https://www.jaysheadphones.com

Northbaze Group AB, formerly Jays Group AB is a Sweden based company engaged in designing, engineering, and marketing of earphones, headphones and other musical related products. The company markets its products in the international market under its own brand name. Its products include a-JAYS and q-JAYS series earphones, u-JAYS On-ear headphones, and others. The products of the company are used together with mobile phones, tablets, and media players.

Northbaze Group AB (OSTO:NBZ) Headlines

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