XXL ASA (OSL:XXL) Long-Term Capital Lease Obligation : kr1,488 Mil (As of Mar. 2024)

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What is XXL ASA Long-Term Capital Lease Obligation?

XXL ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,488 Mil.

XXL ASA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr1,563 Mil) to Dec. 2023 (kr1,528 Mil) and declined from Dec. 2023 (kr1,528 Mil) to Mar. 2024 (kr1,488 Mil).

XXL ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr1,925 Mil) to Dec. 2022 (kr1,568 Mil) and declined from Dec. 2022 (kr1,568 Mil) to Dec. 2023 (kr1,528 Mil).

XXL ASA Long-Term Capital Lease Obligation Historical Data

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

XXL ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,428.00

2,180.00

1,925.00

1,568.00

1,528.00

XXL ASA 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															1,787.00	1,682.00	1,563.00	1,528.00	1,488.00

XXL ASA (OSL:XXL) 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.

XXL ASA Long-Term Capital Lease Obligation Related Terms

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XXL ASA (OSL:XXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » XXL ASA (OSL:XXL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

XXLo:Sweden 0R3P:UK 2XX:Germany

Address

Stromsveien 245, Alna Center, Oslo, NOR, N-0668

Website

https://www.xxlasa.com

XXL ASA is a sports retailer operating in Norway, Sweden, and Finland. The company strategy is to offer the lowest prices and the broadest assortment of products with focus on branded goods. The products are organized into six product categories: shoes, sportwear, outdoor, ski/bike, hunting and sports, and health and fitness. The product categories provide equipment, casual wear, sportswear, shoes, sleeping bags, cooking equipment, firearms, binoculars, GPS equipment, knives, axes, backpacks, and maps for various sports, including water sports, football, golf, tennis, ski, snowboarding, and hunting. The brands offered are mainly well-known and international: Nike, Adidas, Puma, O'Neill, Scott, Umarex, Nikon, Atomic, Fischer, Rossignol, Oakley, and Commaster, among others.

XXL ASA (OSL:XXL) Headlines

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