AAK AB (AAK AB) Long-Term Capital Lease Obligation : $60 Mil (As of Mar. 2024)

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What is AAK AB Long-Term Capital Lease Obligation?

AAK AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $60 Mil.

AAK AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($51 Mil) to Dec. 2023 ($61 Mil) but then declined from Dec. 2023 ($61 Mil) to Mar. 2024 ($60 Mil).

AAK AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($54 Mil) to Dec. 2022 ($54 Mil) but then increased from Dec. 2022 ($54 Mil) to Dec. 2023 ($61 Mil).

AAK AB Long-Term Capital Lease Obligation Historical Data

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

AAK AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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71.56

73.78

54.24

54.15

61.42

AAK 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															51.35	53.02	51.15	61.42	60.42

AAK AB (OTCPK:ARHUF) 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.

AAK AB Long-Term Capital Lease Obligation Related Terms

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AAK AB (AAK AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AAK AB (OTCPK:ARHUF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AAK:Sweden AAKs:UK 0A0J:UK 6AA0:Germany

Address

Skrivaregatan 9, Malmo, SWE, SE-215 32

Website

https://www.aak.com

AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food ingredients, Chocolate & confectionery fats, and Technical products & feed. The food ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. The majority is from the Food ingredients segment.