Fortinova Fastigheter AB (FRA:733) Long-Term Capital Lease Obligation : €0.24 Mil (As of Dec. 2024)

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What is Fortinova Fastigheter AB Long-Term Capital Lease Obligation?

Fortinova Fastigheter AB's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was €0.24 Mil.

Fortinova Fastigheter AB's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (€0.26 Mil) to Sep. 2024 (€0.25 Mil) and declined from Sep. 2024 (€0.25 Mil) to Dec. 2024 (€0.24 Mil).

Fortinova Fastigheter AB's annual Long-Term Capital Lease Obligation declined from Aug. 2020 (€0.45 Mil) to Aug. 2021 (€0.41 Mil) and declined from Aug. 2021 (€0.41 Mil) to Dec. 2023 (€0.29 Mil).

Fortinova Fastigheter AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Fortinova Fastigheter 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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Fortinova Fastigheter AB Long-Term Capital Lease Obligation Chart

Fortinova Fastigheter AB Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Dec23

Long-Term Capital Lease Obligation

0.45

0.41

0.29

Fortinova Fastigheter AB Quarterly Data
	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.29	0.27	0.26	0.25	0.24

Fortinova Fastigheter AB (FRA:733) 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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Fortinova Fastigheter AB Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fortinova Fastigheter AB (FRA:733) » Definitions » Long-Term Capital Lease Obligation

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FNOVA B:Sweden

Address

Norrgatan 10, Varberg, SWE, 432 41

Website

https://www.fortinova.se

Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

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