Marel hf (OISE:MAREL) Long-Term Capital Lease Obligation : kr4,519 Mil (As of Mar. 2024)

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What is Marel hf Long-Term Capital Lease Obligation?

Marel hf's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr4,519 Mil.

Marel hf's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr4,437 Mil) to Dec. 2023 (kr4,504 Mil) and increased from Dec. 2023 (kr4,504 Mil) to Mar. 2024 (kr4,519 Mil).

Marel hf's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr4,839 Mil) to Dec. 2022 (kr4,449 Mil) but then increased from Dec. 2022 (kr4,449 Mil) to Dec. 2023 (kr4,504 Mil).

Marel hf Long-Term Capital Lease Obligation Historical Data

The historical data trend for Marel 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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Marel hf Long-Term Capital Lease Obligation Chart

Marel hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4,373.53

5,665.31

4,839.18

4,448.64

4,504.05

Marel hf Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4,733.69	4,985.32	4,437.50	4,504.05	4,519.49

Marel hf (OISE:MAREL) 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.

Marel hf Long-Term Capital Lease Obligation Related Terms

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Marel hf (OISE:MAREL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marel hf (OISE:MAREL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MRRLF:USA MAREL:Netherlands MARELa:UK

Address

Austurhraun 9, Gardabaer, ISL, 210

Website

https://www.marel.com

Marel hf is an Iceland-based company that acts as a provider of equipment, systems and services for the poultry, fish, meat and further processing industries and is involved in the manufacturing, development, distribution and sales of solutions for these industries. The company offers systems for processing broilers, turkeys and ducks, equipment and systems for salmon and whitefish processing, both farmed and wild, onboard and ashore. In addition, it also focuses on deboning and trimming, case ready foodservice and bacon processing. The firm also provides products for portioning, coating, heat treatment and sausage making. It organizes its business in four divisions; poultry, fish, meat, and others.

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