Holmen AB (Holmen AB) Long-Term Capital Lease Obligation : $15 Mil (As of Mar. 2024)

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What is Holmen AB Long-Term Capital Lease Obligation?

Holmen AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $15 Mil.

Holmen AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($14 Mil) to Dec. 2023 ($16 Mil) but then declined from Dec. 2023 ($16 Mil) to Mar. 2024 ($15 Mil).

Holmen AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($19 Mil) to Dec. 2022 ($15 Mil) but then increased from Dec. 2022 ($15 Mil) to Dec. 2023 ($16 Mil).

Holmen AB Long-Term Capital Lease Obligation Historical Data

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

Holmen AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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18.13

20.93

19.03

15.23

15.60

Holmen AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															15.37	15.23	13.80	15.60	15.18

Holmen AB (OTCPK:HLMMF) 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.

Holmen AB Long-Term Capital Lease Obligation Related Terms

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Holmen AB (Holmen AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Holmen AB (OTCPK:HLMMF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

HLMNY:USA HOLM B:Sweden HOLM A:Sweden 0XS9:UK HL9C:Germany

Address

Strandvagen 1, P.O. Box 5407, Stockholm, SWE, SE-114 84

Website

https://www.holmen.com

Holmen AB produces and sells timber, wood products, a variety of paper products, and electricity generated through renewable energy sources. The company organizes itself into five segments based on product type: Forest, Paperboard, Paper, Wood Products, and Renewable Energy. The company's product portfolio includes logs, biofuel, paperboard for consumer packaging, paper for books, construction timber, and renewable energy from hydro and wind power. The company's customer segment is composed of printing firms, sawmills, pulp mills, paper mills, construction industry, and packaging industry, among others. The vast majority of revenue comes from the company's paper and paperboard segments combined, and it earns majoroty of its revenue in Europe.

Holmen AB (Holmen AB) Headlines

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