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Erria AS (OCSE:ERRIA) Long-Term Capital Lease Obligation : kr0.0 Mil (As of Jun. 2024)


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What is Erria AS Long-Term Capital Lease Obligation?

Erria AS's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr0.0 Mil.

Erria AS Long-Term Capital Lease Obligation Historical Data

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

Erria AS Annual Data
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Long-Term Capital Lease Obligation
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Erria AS Semi-Annual Data
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Erria AS  (OCSE:ERRIA) 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.

Erria AS Long-Term Capital Lease Obligation Related Terms

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Erria AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Erria AS (OCSE:ERRIA) » Definitions » Long-Term Capital Lease Obligation
Comparable Companies
OCSE:NORDIC BSP:PSVM11 XTER:HLAG OCSE:MAERSK B HKSE:01919 BOM:532921 SHSE:600018 TSE:9101 TSE:9104 SHSE:601018 HKSE:00316 TSE:9107 HKSE:01138 ADX:ADPORTS XKRX:011200 TPE:2603 PHS:ICT ADX:ADNOCLS XKLS:3816 HKSE:00144
Traded in Other Exchanges
N/A
Address
Torvet 21 A, 1. sal, Koge, DNK, DK-4600
Website
https://www.erria.dk
Erria AS is involved in shipping, offshore operations, logistics, and trading, serving international clients who outsource their maritime operations. The company has a presence in Asia, Vietnam and Singapore. Its key business sectors include Ship Management, Marine Warranty Surveying, and Offshore Personnel Services. Additionally, Erria is involved in logistics through Erria Container Services in Vietnam, in service of life-saving and fire-fighting equipment through Mermaid Maritime Vietnam, and in manufacturing and distribution of security seals through Cathay Seal in Singapore.

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