Embla Medical hf (Embla Medical hf) Long-Term Capital Lease Obligation : $115.2 Mil (As of Mar. 2024)

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What is Embla Medical hf Long-Term Capital Lease Obligation?

Embla Medical hf's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $115.2 Mil.

Embla Medical hf's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($105.3 Mil) to Dec. 2023 ($112.6 Mil) and increased from Dec. 2023 ($112.6 Mil) to Mar. 2024 ($115.2 Mil).

Embla Medical hf's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($118.7 Mil) to Dec. 2022 ($116.4 Mil) and declined from Dec. 2022 ($116.4 Mil) to Dec. 2023 ($112.6 Mil).

Embla Medical hf Long-Term Capital Lease Obligation Historical Data

The historical data trend for Embla Medical hf'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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Embla Medical hf Long-Term Capital Lease Obligation Chart

Embla Medical hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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93.01

108.01

118.67

116.38

112.61

Embla Medical hf 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															113.03	110.51	105.26	112.61	115.21

Embla Medical hf (OTCPK:OSSUY) 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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Embla Medical hf (Embla Medical hf) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Embla Medical hf (OTCPK:OSSUY) » Definitions » Long-Term Capital Lease Obligation

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OSSFF:USA OSSR:Denmark

Address

Grjothals 5, Reykjavik, ISL

Website

https://www.ossur.com

Ossur hf is engaged in the design, development, manufacture, and sale of prosthetics and bracing & support products. The company's products improve mobility through technologies in the field of braces, supports, prosthetic limbs, and compression therapy. Its segments are the Bracing & Supports and Prosthetics segment. The bracing & support products are used to support joints and other body parts for therapeutic and preventative purposes. The Prosthetics segment includes artificial limbs and related products for individuals born without limbs. Its geographical segments are the Americas; Europe, the Middle East & Africa (EMEA); and the Americas & Asia-Pacific (APAC), of which the Americas generate nearly half of the company's revenue.