Belships ASA (OSL:BELCO) Long-Term Capital Lease Obligation : kr0 Mil (As of Mar. 2024)

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What is Belships ASA Long-Term Capital Lease Obligation?

Belships ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil.

Belships ASA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr0 Mil) to Dec. 2023 (kr4,581 Mil) but then declined from Dec. 2023 (kr4,581 Mil) to Mar. 2024 (kr0 Mil).

Belships ASA's annual Long-Term Capital Lease Obligation stayed the same from Dec. 2021 (kr0 Mil) to Dec. 2022 (kr0 Mil) but then increased from Dec. 2022 (kr0 Mil) to Dec. 2023 (kr4,581 Mil).

Belships ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Belships ASA'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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Belships ASA Long-Term Capital Lease Obligation Chart

Belships ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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664.58

4,580.86

Belships ASA 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															-	-	-	4,580.86	-

Belships ASA (OSL:BELCO) 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.

Belships ASA Long-Term Capital Lease Obligation Related Terms

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Belships ASA (OSL:BELCO) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Belships ASA (OSL:BELCO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

BELO:Sweden NS6:Germany

Address

Lilleakerveien 6D, 7th floor, Oslo, NOR, N-0283

Website

https://www.belships.com

Belships ASA is a fully integrated owner and operator of dry bulk ships. The company also provides commercial and technical ship management services. The Group is divided into the operating segments of dry bulk and technical management. The dry bulk segment is further divided into 2 reportable segments: own ships (owned or leased) and ships operating in the spot market and operation/commercial management. The operating segments have worldwide activities. Shipping, in general, offers a global service covering major global trade routes.

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