Bang & Olufsen A/S (LTS:0MRM) Long-Term Capital Lease Obligation : kr89 Mil (As of Feb. 2024)

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What is Bang & Olufsen A/S Long-Term Capital Lease Obligation?

Bang & Olufsen A/S's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was kr89 Mil.

Bang & Olufsen A/S's quarterly Long-Term Capital Lease Obligation declined from Aug. 2023 (kr100 Mil) to Nov. 2023 (kr96 Mil) and declined from Nov. 2023 (kr96 Mil) to Feb. 2024 (kr89 Mil).

Bang & Olufsen A/S's annual Long-Term Capital Lease Obligation declined from May. 2021 (kr117 Mil) to May. 2022 (kr95 Mil) but then increased from May. 2022 (kr95 Mil) to May. 2023 (kr109 Mil).

Bang & Olufsen A/S Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bang & Olufsen A/S'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.

* Premium members only.

Bang & Olufsen A/S Long-Term Capital Lease Obligation Chart

Bang & Olufsen A/S Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Long-Term Capital Lease Obligation

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137.00

117.00

95.00

109.00

Bang & Olufsen A/S Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															83.00	109.00	100.00	96.00	89.00

Bang & Olufsen A/S (LTS:0MRM) 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.

Bang & Olufsen A/S Long-Term Capital Lease Obligation Related Terms

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Bang & Olufsen A/S (LTS:0MRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bang & Olufsen A/S (LTS:0MRM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

BGOUF:USA BO:Denmark BUOB:Germany

Address

Bang og Olufsen Alle 1, Struer, DNK, DK-7600

Website

http://www.bang-olufsen.com

Bang & Olufsen A/S designs, develops, and markets audio and video products including music systems, loudspeakers, television sets, and multimedia products. Geographically, it derives a majority of its revenue from Europe, the Middle East, and Africa (EMEA) and also has a presence in the Americas and Asia. It generates maximum revenue from the Staged product category followed by On-the-go; Flexible Living Brand Partnering and other activities.

Bang & Olufsen A/S (LTS:0MRM) Headlines

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