NNIT AS (LTS:0R5Z) Long-Term Capital Lease Obligation : kr113 Mil (As of Dec. 2024)

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What is NNIT AS Long-Term Capital Lease Obligation?

NNIT AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr113 Mil.

NNIT AS's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 (kr13 Mil) to Jun. 2024 (kr29 Mil) and increased from Jun. 2024 (kr29 Mil) to Dec. 2024 (kr113 Mil).

NNIT AS's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (kr83 Mil) to Dec. 2023 (kr13 Mil) but then increased from Dec. 2023 (kr13 Mil) to Dec. 2024 (kr113 Mil).

NNIT AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for NNIT AS'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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NNIT AS Long-Term Capital Lease Obligation Chart

NNIT AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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171.00

123.00

83.00

13.00

113.00

NNIT AS Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															83.00	34.00	13.00	29.00	113.00

NNIT AS (LTS:0R5Z) 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.

NNIT AS Long-Term Capital Lease Obligation Related Terms

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NNIT AS Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NNIT AS (LTS:0R5Z) » Definitions » Long-Term Capital Lease Obligation

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NNIT:Denmark

Address

Weidekampsgade 14, Copenhagen S, DNK, 2300

Website

https://www.nnit.com

NNIT AS is a Denmark-based company that offers consultancy services in IT (Information Technology) development, implementation, and operations. The services provided by the company include advising, building, implementing, managing, and supporting IT solutions and operating IT systems for customers. The company's reporting segment comprises of Region Denmark; Region Europe; Region USA, and Region Asia out of which Region Denmark derives the majority of revenue.

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