ABL Group ASA (LTS:0QXF) Long-Term Capital Lease Obligation : kr72 Mil (As of Dec. 2023)

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What is ABL Group ASA Long-Term Capital Lease Obligation?

ABL Group ASA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr72 Mil.

ABL Group ASA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (kr71 Mil) to Sep. 2023 (kr64 Mil) but then increased from Sep. 2023 (kr64 Mil) to Dec. 2023 (kr72 Mil).

ABL Group ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr22 Mil) to Dec. 2022 (kr68 Mil) and increased from Dec. 2022 (kr68 Mil) to Dec. 2023 (kr72 Mil).

ABL Group ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for ABL Group 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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ABL Group ASA Long-Term Capital Lease Obligation Chart

ABL Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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10.96

20.38

22.28

68.39

71.75

ABL Group ASA Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															68.39	68.92	71.08	63.73	71.75

ABL Group ASA (LTS:0QXF) 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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ABL Group ASA (LTS:0QXF) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ABL Group ASA (LTS:0QXF) » Definitions » Long-Term Capital Lease Obligation

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Address

10 Lower Thames Street, 1st Floor, Northern and Shell Building, London, GBR, EC3R 6EN

Website

https://www.abl-group.com

ABL Group ASA is an independent energy and marine consultant working in energy and oceans to de-risk and drive the energy transition across the renewables, maritime, and oil and gas sectors, offering its clients expertise across marine, engineering, and adjusting disciplines from more than 300 locations world wide. It has offices majorly in marine and offshore energy hubs in countries across Europe, Africa, the Americas, the Middle East, Asia, and Australia.

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