Norske Skogindustrier ASA (OSTO:NSGO) Long-Term Capital Lease Obligation : kr55 Mil (As of Dec. 2023)

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What is Norske Skogindustrier ASA Long-Term Capital Lease Obligation?

Norske Skogindustrier ASA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr55 Mil.

Norske Skogindustrier ASA's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (kr0 Mil) to Sep. 2023 (kr0 Mil) but then increased from Sep. 2023 (kr0 Mil) to Dec. 2023 (kr55 Mil).

Norske Skogindustrier ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr68 Mil) to Dec. 2022 (kr40 Mil) but then increased from Dec. 2022 (kr40 Mil) to Dec. 2023 (kr55 Mil).

Norske Skogindustrier ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Norske Skogindustrier 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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Norske Skogindustrier ASA Long-Term Capital Lease Obligation Chart

Norske Skogindustrier ASA Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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90.00

88.00

68.00

40.00

55.00

Norske Skogindustrier ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															40.00	-	-	-	55.00

Norske Skogindustrier ASA (OSTO:NSGo) 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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Norske Skogindustrier ASA (OSTO:NSGO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Norske Skogindustrier ASA (OSTO:NSGo) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NSKOGo:Sweden NSKOG:Norway

Address

Sjolyst plass 2, Oslo, NOR, 0278

Website

https://www.norskeskog.com

Norske Skog ASA is an industrial company in publication paper, packaging paper, energy production, and bioproducts. Publication paper products comprise both newsprint and magazine paper, both of which are marketed under the NOR brand. Packaging paper includes the recycled containerboard grades test liner and fluting, which are marketed under the STRATO brand. The company's core bioproducts are the nano cellulose product CEBINA and the bio-composite product CEBICO. Norske Skog owns and operates four industrial sites in Europe, and one industrial site in Australasia.

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