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Betolar Oyj (OHEL:BETOLAR) Long-Term Capital Lease Obligation : €0.22 Mil (As of Dec. 2023)


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What is Betolar Oyj Long-Term Capital Lease Obligation?

Betolar Oyj's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.22 Mil.

Betolar Oyj's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€0.25 Mil) to Jun. 2023 (€0.16 Mil) but then increased from Jun. 2023 (€0.16 Mil) to Dec. 2023 (€0.22 Mil).

Betolar Oyj's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€0.07 Mil) to Dec. 2022 (€0.25 Mil) but then declined from Dec. 2022 (€0.25 Mil) to Dec. 2023 (€0.22 Mil).


Betolar Oyj Long-Term Capital Lease Obligation Historical Data

The historical data trend for Betolar Oyj'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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Betolar Oyj Long-Term Capital Lease Obligation Chart

Betolar Oyj Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- 0.06 0.07 0.25 0.22

Betolar Oyj Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 0.07 - 0.25 0.16 0.22

Betolar Oyj  (OHEL:BETOLAR) 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.

Betolar Oyj Long-Term Capital Lease Obligation Related Terms

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Betolar Oyj (OHEL:BETOLAR) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Mannilantie 9, Kannonkoski, FIN, 43300
Betolar Oyj is a Finnish materials technology company in the growth stage, whose mission is to enable the green transition of different industries globally, especially in the construction, process, and energy industries, by offering solutions for the utilization of its material technology. With its Geoprime solution, the company offers an alternative for producing sustainable and low-carbon concrete and concrete applications. The solution can be used to convert previously under-used or unused industrial side streams into a substitute for cement used in the production of concrete. Its product offering is divided into four segments: precast small concrete products, building elements, mining, and recycling of untapped side streams.

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