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NTG Nordic Transport Group A/S (OCSE:NTG) Long-Term Capital Lease Obligation : kr668 Mil (As of Dec. 2023)


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What is NTG Nordic Transport Group A/S Long-Term Capital Lease Obligation?

NTG Nordic Transport Group A/S's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr668 Mil.

NTG Nordic Transport Group A/S's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (kr703 Mil) to Sep. 2023 (kr691 Mil) and declined from Sep. 2023 (kr691 Mil) to Dec. 2023 (kr668 Mil).

NTG Nordic Transport Group A/S's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr594 Mil) to Dec. 2022 (kr603 Mil) and increased from Dec. 2022 (kr603 Mil) to Dec. 2023 (kr668 Mil).

NTG Nordic Transport Group A/S Long-Term Capital Lease Obligation Historical Data

The historical data trend for NTG Nordic Transport Group 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.

NTG Nordic Transport Group A/S Long-Term Capital Lease Obligation Chart

NTG Nordic Transport Group A/S Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 455.40 484.20 594.00 603.00 668.00

NTG Nordic Transport Group A/S Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 603.00 626.00 703.00 691.00 668.00

NTG Nordic Transport Group A/S  (OCSE:NTG) 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.

NTG Nordic Transport Group A/S Long-Term Capital Lease Obligation Related Terms

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NTG Nordic Transport Group A/S (OCSE:NTG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » NTG Nordic Transport Group A/S (OCSE:NTG) » Definitions » Long-Term Capital Lease Obligation
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Traded in Other Exchanges
NRSA:Germany
Address
Hammerholmen 47-49, Hvidovre, DNK, DK-2650
Website
https://www.ntg.com
NTG Nordic Transport Group A/S is a Denmark-based transport company. It offers the full range of freight forwarding services and end-to-end solutions within Air and Ocean and Road and Logistics fuelled by people power and technology. Business segments of the company include Road and Logistics and Air and Ocean. The majority of revenue is earned through Road and Logistics segment. The revenues are earned in Denmark, Sweden, the USA, Germany, Finland and other countries with the majority of the revenue earned in Denmark.