Pexip Holding ASA (LTS:0A3H) Long-Term Capital Lease Obligation : kr36 Mil (As of Mar. 2024)

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What is Pexip Holding ASA Long-Term Capital Lease Obligation?

Pexip Holding ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr36 Mil.

Pexip Holding ASA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr34 Mil) to Dec. 2023 (kr31 Mil) but then increased from Dec. 2023 (kr31 Mil) to Mar. 2024 (kr36 Mil).

Pexip Holding ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr85 Mil) to Dec. 2022 (kr58 Mil) and declined from Dec. 2022 (kr58 Mil) to Dec. 2023 (kr31 Mil).

Pexip Holding ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Pexip Holding ASA'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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Pexip Holding ASA Long-Term Capital Lease Obligation Chart

Pexip Holding ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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45.46

78.22

84.78

57.56

31.43

Pexip Holding ASA 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															42.24	38.35	33.67	31.43	35.78

Pexip Holding ASA (LTS:0A3H) 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.

Pexip Holding ASA Long-Term Capital Lease Obligation Related Terms

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Pexip Holding ASA (LTS:0A3H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pexip Holding ASA (LTS:0A3H) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PXPHF:USA PEXIPo:Sweden PEXIP:Norway

Address

Lilleakerveien 2A, 8th Floor, Oslo, NOR, 0283

Website

https://www.pexip.com

Pexip Holding ASA is a technology company that provides video communication solutions and virtual meeting solutions for businesses and individuals. Geographically, it derives a majority of revenue from Europe, the Middle East, and Africa and also has a presence in the Americas and the Asia Pacific. It serves Government; Healthcare; Education and Finance industries.

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