Eik fasteignafelag hf (OISE:EIK) Long-Term Capital Lease Obligation : kr2,655 Mil (As of Jun. 2024)

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What is Eik fasteignafelag hf Long-Term Capital Lease Obligation?

Eik fasteignafelag hf's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr2,655 Mil.

Eik fasteignafelag hf's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (kr2,749 Mil) to Mar. 2024 (kr2,693 Mil) and declined from Mar. 2024 (kr2,693 Mil) to Jun. 2024 (kr2,655 Mil).

Eik fasteignafelag hf's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr2,355 Mil) to Dec. 2022 (kr2,480 Mil) and increased from Dec. 2022 (kr2,480 Mil) to Dec. 2023 (kr2,749 Mil).

Eik fasteignafelag hf Long-Term Capital Lease Obligation Historical Data

The historical data trend for Eik fasteignafelag hf'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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Eik fasteignafelag hf Long-Term Capital Lease Obligation Chart

Eik fasteignafelag hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,039.00

2,287.00

2,355.00

2,480.00

2,749.00

Eik fasteignafelag hf Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2,788.00	2,799.00	2,749.00	2,693.00	2,655.00

Eik fasteignafelag hf (OISE:EIK) 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.

Eik fasteignafelag hf Long-Term Capital Lease Obligation Related Terms

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Eik fasteignafelag hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eik fasteignafelag hf (OISE:EIK) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Soltun 26, Reykjavik, ISL, 105

Website

https://www.eik.is

Eik fasteignafelag hf is a real estate company. The company owns and leases real estate properties. Its real estate portfolio consists of housing, retail and office space in the business areas. It also engaged in leasing of commercial real estate. It offers spaces for offices, warehouses and retail spaces in both urban and rural area.

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