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Norconsult ASA (OSL:NORCO) Long-Term Capital Lease Obligation : kr1,226 Mil (As of Dec. 2023)


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What is Norconsult ASA Long-Term Capital Lease Obligation?

Norconsult ASA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr1,226 Mil.

Norconsult ASA's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (kr1,241 Mil) to Jun. 2023 (kr1,234 Mil) and declined from Jun. 2023 (kr1,234 Mil) to Dec. 2023 (kr1,226 Mil).

Norconsult ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr1,345 Mil) to Dec. 2022 (kr1,241 Mil) and declined from Dec. 2022 (kr1,241 Mil) to Dec. 2023 (kr1,226 Mil).

Norconsult ASA Long-Term Capital Lease Obligation Historical Data

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

Norconsult ASA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- 1,470.00 1,345.00 1,241.00 1,226.00

Norconsult ASA Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial 1,345.00 - 1,241.00 1,234.00 1,226.00

Norconsult ASA  (OSL:NORCO) 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.

Norconsult ASA Long-Term Capital Lease Obligation Related Terms

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Norconsult ASA (OSL:NORCO) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Norconsult ASA (OSL:NORCO) » Definitions » Long-Term Capital Lease Obligation
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NORCOo:UK
Address
Vestfjordgaten 4, Sandvika, NOR, 1338
Website
https://www.norconsult.com
Norconsult ASA is principally engaged in the provision of planning and consultancy services for all phases of social planning, engineering design and architecture projects. The Group also develops and distributes complete IT solutions for project, building and facility management for infrastructure and property.

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