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Hynion AS (FRA:36R) Long-Term Capital Lease Obligation : €0.00 Mil (As of Dec. 2023)


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What is Hynion AS Long-Term Capital Lease Obligation?

Hynion AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.00 Mil.


Hynion AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Hynion AS'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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Hynion AS Long-Term Capital Lease Obligation Chart

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Hynion AS  (FRA:36R) 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.

Hynion AS Long-Term Capital Lease Obligation Related Terms

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Hynion AS (FRA:36R) Business Description

Industry
Traded in Other Exchanges
Address
Sandviksveien 17, P.O. box 526, Hovik, NOR, 1363
Hynion AS is a hydrogen fuel company whose main business is to sell hydrogen fuel through hydrogen stations owned by the company. The company designs, builds, owns, and operates hydrogen fuel stations. The company has five hydrogen stations, two in Norway and three in Sweden.

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