Nivika Fastigheter AB (FRA:Y5R) Long-Term Capital Lease Obligation : €1.16 Mil (As of Feb. 2024)

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

Nivika Fastigheter AB's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was €1.16 Mil.

Nivika Fastigheter AB's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (€1.84 Mil) to Nov. 2023 (€1.21 Mil) and declined from Nov. 2023 (€1.21 Mil) to Feb. 2024 (€1.16 Mil).

Nivika Fastigheter AB's annual Long-Term Capital Lease Obligation declined from Aug. 2021 (€1.56 Mil) to Aug. 2022 (€1.50 Mil) but then increased from Aug. 2022 (€1.50 Mil) to Aug. 2023 (€1.84 Mil).

Nivika Fastigheter AB Long-Term Capital Lease Obligation Historical Data

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

Nivika Fastigheter AB Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

1.56

1.50

1.84

Nivika Fastigheter AB Quarterly Data
	Aug19	Aug20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										2.02	2.01	1.84	1.21	1.16

Nivika Fastigheter AB (FRA:Y5R) 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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Nivika Fastigheter AB (FRA:Y5R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nivika Fastigheter AB (FRA:Y5R) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

NIVI B:Sweden

Address

Ringvagen 38, Värnamo, SWE, 331 32

Website

https://www.nivika.se

Nivika Fastigheter AB is a real estate company. Its main objectives is owning, managing, and developing properties.

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