Tomra Systems ASA (Tomra Systems ASA) Long-Term Capital Lease Obligation

: $112 Mil (As of Dec. 2023)

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Tomra Systems ASA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $112 Mil.

Tomra Systems ASA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($135 Mil) to Sep. 2023 ($133 Mil) and declined from Sep. 2023 ($133 Mil) to Dec. 2023 ($112 Mil).

Tomra Systems ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($83 Mil) to Dec. 2022 ($102 Mil) and increased from Dec. 2022 ($102 Mil) to Dec. 2023 ($112 Mil).

Tomra Systems ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tomra Systems 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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Tomra Systems ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

95.30

96.83

83.33

102.24

112.03

Tomra Systems ASA 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																102.24	137.09	135.24	133.06	112.03

Tomra Systems ASA (OTCPK:TMRAY) 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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Tomra Systems ASA (Tomra Systems ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Tomra Systems ASA (OTCPK:TMRAY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

TMRAF:USA TOMo:Sweden TOM:Norway 0KV7:UK TMRA:Germany

Address

Drengsrudhagen 2, Asker, NOR, 1385

Website

https://www.tomra.com

Tomra Systems ASA provides sorting and recycling solutions to better equip customers for handling waste. It operates two primary business segments: collection solutions (a majority of revenue) and sorting solutions. The company produces, sells, and services automated recycling systems, including data administration systems that monitor the volume of collected materials. It manufactures reverse vending machines to collect empty beverage containers. The empty beverage containers are gathered and processed into reusable molds. Tomra services the machines and provides replacement parts to ensure optimal performance. Food sorting solutions inspect individual pieces and stop resources from going to waste. The majority of revenue comes from customers in Europe, North America and Rest of World.