Storskogen Group AB (CHIX:STORCS) Long-Term Capital Lease Obligation : kr1,389 Mil (As of Mar. 2024)

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What is Storskogen Group AB Long-Term Capital Lease Obligation?

Storskogen Group AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,389 Mil.

Storskogen Group AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr0 Mil) to Dec. 2023 (kr1,222 Mil) and increased from Dec. 2023 (kr1,222 Mil) to Mar. 2024 (kr1,389 Mil).

Storskogen Group AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr858 Mil) to Dec. 2022 (kr1,229 Mil) but then declined from Dec. 2022 (kr1,229 Mil) to Dec. 2023 (kr1,222 Mil).

Storskogen Group AB Long-Term Capital Lease Obligation Historical Data

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

Storskogen Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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358.00

440.00

858.00

1,229.00

1,222.00

Storskogen Group AB Quarterly Data
	Dec18	Dec19	Jun20	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												-	-	-	1,222.00	1,389.00

Storskogen Group AB (CHIX:STORCs) 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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Storskogen Group AB (CHIX:STORCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Storskogen Group AB (CHIX:STORCs) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

STOR B:Sweden 0AA9:UK 0VK:Germany

Address

Hovslagargatan 3, 6th Floor, Stockholm, SWE, 111 48

Website

https://www.storskogen.com

Storskogen Group AB is an international group of businesses. It acquires and manages profitable small and medium-sized businesses with prime positions in their respective markets. It is divided into three business areas, Industry, Services, and Trade, predominantly in Sweden and with an increasing presence in the Nordics, Germany, Switzerland, and the UK.

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