Brodrene A & O Johansen AS (LTS:0RNT) Long-Term Capital Lease Obligation : kr115 Mil (As of Sep. 2024)

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What is Brodrene A & O Johansen AS Long-Term Capital Lease Obligation?

Brodrene A & O Johansen AS's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr115 Mil.

Brodrene A & O Johansen AS's quarterly Long-Term Capital Lease Obligation increased from Mar. 2024 (kr61 Mil) to Jun. 2024 (kr67 Mil) and increased from Jun. 2024 (kr67 Mil) to Sep. 2024 (kr115 Mil).

Brodrene A & O Johansen AS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr53 Mil) to Dec. 2022 (kr57 Mil) and increased from Dec. 2022 (kr57 Mil) to Dec. 2023 (kr66 Mil).

Brodrene A & O Johansen AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Brodrene A & O Johansen 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.

* Premium members only.

Brodrene A & O Johansen AS Long-Term Capital Lease Obligation Chart

Brodrene A & O Johansen AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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49.09

43.90

53.47

56.84

66.35

Brodrene A & O Johansen AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															59.98	66.35	61.18	66.92	114.50

Brodrene A & O Johansen AS (LTS:0RNT) 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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Brodrene A & O Johansen AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Brodrene A & O Johansen AS (LTS:0RNT) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AOJ B:Denmark XH0:Germany

Address

Rorvang 3, Albertslund, DNK, 2620

Website

http://www.ao.dk

Brodrene A & O Johansen AS is a distributor of industrial products in Denmark. It provides technical installation materials and supplies to the construction industry in Denmark. Its products include heating plumbing and sanitary ware products, electrical equipment and components, water supply and drainage products. Its clients comprise of plumbers, electricians, building contractors, sewer contractors, construction companies, municipalities, utilities and public institutions. The company follows three sales channels, which are AO Stores, which cater to the local market; Online trading, which offers products through its website and mobile application and competency centers where customers may place orders and get advice and direction as well as offers over the phone.

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