YIT Oyj (YIT Oyj) Long-Term Capital Lease Obligation : $262 Mil (As of Dec. 2023)

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What is YIT Oyj Long-Term Capital Lease Obligation?

YIT Oyj's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $262 Mil.

YIT Oyj's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($231 Mil) to Sep. 2023 ($206 Mil) but then increased from Sep. 2023 ($206 Mil) to Dec. 2023 ($262 Mil).

YIT Oyj's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($182 Mil) to Dec. 2022 ($249 Mil) and increased from Dec. 2022 ($249 Mil) to Dec. 2023 ($262 Mil).

YIT Oyj Long-Term Capital Lease Obligation Historical Data

The historical data trend for YIT Oyj'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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YIT Oyj Long-Term Capital Lease Obligation Chart

YIT Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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228.89

211.68

181.92

248.94

261.72

YIT Oyj 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															248.94	207.71	230.77	205.98	261.72

YIT Oyj (OTCPK:YITYY) 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.

YIT Oyj Long-Term Capital Lease Obligation Related Terms

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YIT Oyj (YIT Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » YIT Oyj (OTCPK:YITYY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

YITh:UK 0GKA:UK YIT:Finland YIT:Germany

Address

Panuntie 11, P.O. Box 36, Helsinki, FIN, 00620

Website

https://www.yitgroup.com

YIT Oyj is a Finnish construction service provider. YIT develops and builds apartments and living services, business premises and entire areas. The company has four reportable segments: 1) Housing segment which comprises the development and construction of apartments, entire residential areas and leisure-time residences; 2) Business Premises segment engages in contracting in business premises construction as well as residential construction. 3) Infrastructure segment includes railway and traffic route construction and maintenance, green construction, bridge building and repairing, foundation construction and other earthworks, shoreline and waterworks construction, etc; 4) Property Development segment develops business premises and hybrid projects as well as wind farms.

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