SAS AB (OSTO:SAS) Long-Term Capital Lease Obligation : kr17,004 Mil (As of Jan. 2024)

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What is SAS AB Long-Term Capital Lease Obligation?

SAS AB's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was kr17,004 Mil.

SAS AB's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (kr16,534 Mil) to Oct. 2023 (kr17,034 Mil) but then declined from Oct. 2023 (kr17,034 Mil) to Jan. 2024 (kr17,004 Mil).

SAS AB's annual Long-Term Capital Lease Obligation increased from Oct. 2021 (kr13,231 Mil) to Oct. 2022 (kr17,686 Mil) but then declined from Oct. 2022 (kr17,686 Mil) to Oct. 2023 (kr17,034 Mil).

SAS AB Long-Term Capital Lease Obligation Historical Data

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

SAS AB Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Long-Term Capital Lease Obligation

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13,499.00

13,231.00

17,686.00

17,034.00

SAS AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16,981.00	16,727.00	16,534.00	17,034.00	17,004.00

SAS AB (OSTO:SAS) 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.

SAS AB Long-Term Capital Lease Obligation Related Terms

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SAS AB (OSTO:SAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAS AB (OSTO:SAS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SASNO:Norway 0O1W:UK SAS DKK:Denmark SSV2:Germany

Address

Frosundaviks Alle 1, Solna, Stockholm, SWE, SE-195 87

Website

https://www.sasgroup.net

SAS AB is a Scandinavian airline that offers transportation to many domestic and international destinations. Its target audience is frequent business and leisure travelers, and the airline attempts to develop services that make travel easier. Loyalty programs coupled with new applications and bundled packages give customers increased access and various options to plan a trip. Passenger traffic throughout Denmark, Norway, and Sweden account for approximately one-third of total revenue, but the airline does have a worldwide reach. Partnerships with other airlines enhance their global destination network and help customers use different airlines at numerous airports.

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