Kitron ASA (OSL:KIT) Long-Term Capital Lease Obligation : kr196 Mil (As of Dec. 2023)

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What is Kitron ASA Long-Term Capital Lease Obligation?

Kitron ASA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr196 Mil.

Kitron ASA's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (kr0 Mil) to Sep. 2023 (kr0 Mil) but then increased from Sep. 2023 (kr0 Mil) to Dec. 2023 (kr196 Mil).

Kitron ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr153 Mil) to Dec. 2022 (kr162 Mil) and increased from Dec. 2022 (kr162 Mil) to Dec. 2023 (kr196 Mil).

Kitron ASA Long-Term Capital Lease Obligation Historical Data

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

Kitron ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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188.26

172.85

153.38

162.23

195.57

Kitron ASA 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															162.23	-	-	-	195.57

Kitron ASA (OSL:KIT) 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.

Kitron ASA Long-Term Capital Lease Obligation Related Terms

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Kitron ASA (OSL:KIT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kitron ASA (OSL:KIT) » Definitions » Long-Term Capital Lease Obligation

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KITO:Sweden KP5:Germany

Address

Olav Brunborgs vei 4, Billingstad, NOR, 1396

Website

https://www.kitron.com

Kitron ASA is an electronics manufacturing service company. It manufactures products that are embedded in the customers' own products and box-built electronic products. The company provides a high-level assembly of complex electromechanical products and also provides various other services within development, industrialization, supply chain management, logistics, and aftermarket services. The company has manufacturing facilities in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, and the United States. It serves Defense/Aerospace, Energy/Telecoms, Industry, Medical Devices, and Offshore/Marine markets. The company operates in a single segment Electronics Manufacturing Services from which it earns the majority of its revenues.

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