Kongsberg Gruppen ASA (OSL:KOG) Long-Term Capital Lease Obligation : kr1,678 Mil (As of Mar. 2024)

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What is Kongsberg Gruppen ASA Long-Term Capital Lease Obligation?

Kongsberg Gruppen ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,678 Mil.

Kongsberg Gruppen ASA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr1,559 Mil) to Dec. 2023 (kr1,457 Mil) but then increased from Dec. 2023 (kr1,457 Mil) to Mar. 2024 (kr1,678 Mil).

Kongsberg Gruppen ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr1,500 Mil) to Dec. 2022 (kr1,526 Mil) but then declined from Dec. 2022 (kr1,526 Mil) to Dec. 2023 (kr1,457 Mil).

Kongsberg Gruppen ASA Long-Term Capital Lease Obligation Historical Data

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

Kongsberg Gruppen ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1,850.00

1,753.00

1,500.00

1,526.00

1,457.00

Kongsberg Gruppen 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															1,588.00	1,665.00	1,559.00	1,457.00	1,678.00

Kongsberg Gruppen ASA (OSL:KOG) 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.

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Kongsberg Gruppen ASA (OSL:KOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Kongsberg Gruppen ASA (OSL:KOG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KBGGY:USA NSKFF:USA KOGO:Sweden KOGo:UK 0F08:UK KOZ:Germany

Address

Kirkegardsveien 45, Kongsberg, NOR, N-3616

Website

https://www.kongsberg.com

Kongsberg Gruppen ASA is an international technology company that supplies products and services to defense, maritime, oil, gas, and aerospace industries. The company is divided into two business segments: the maritime segment and defense and aerospace systems. Maritime, which earns most of the company revenue, creates navigation, automation, monitoring, and positioning products for commercial ships and offshore industries. The defense and aerospace segment provides defense and space-related products and systems. Outside of the two main segments, the firm operates Kongsberg Digital, which produces digital solutions for oil, gas, wind, and merchant marine markets. Products are delivered globally, with North America accounting for about a third of total revenue.

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