Norse Atlantic ASA (OSL:NORSE) Long-Term Capital Lease Obligation : kr9,375 Mil (As of Mar. 2024)

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What is Norse Atlantic ASA Long-Term Capital Lease Obligation?

Norse Atlantic ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr9,375 Mil.

Norse Atlantic ASA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr9,638 Mil) to Dec. 2023 (kr9,517 Mil) and declined from Dec. 2023 (kr9,517 Mil) to Mar. 2024 (kr9,375 Mil).

Norse Atlantic ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr838 Mil) to Dec. 2022 (kr9,144 Mil) and increased from Dec. 2022 (kr9,144 Mil) to Dec. 2023 (kr9,517 Mil).

Norse Atlantic ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Norse Atlantic 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.

* Premium members only.

Norse Atlantic ASA Long-Term Capital Lease Obligation Chart

Norse Atlantic ASA Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

838.47

9,144.25

9,517.11

Norse Atlantic ASA Quarterly Data
	Feb20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						9,652.39	9,886.39	9,637.91	9,517.11	9,375.11

Norse Atlantic ASA (OSL:NORSE) 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.

Norse Atlantic ASA Long-Term Capital Lease Obligation Related Terms

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Norse Atlantic ASA (OSL:NORSE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NRSAF:USA 9LG0:Germany

Address

Floyveien 14, Arendal, NOR, 4838

Website

https://www.flynorse.com

Norse Atlantic ASA is a new innovative airline serving the low-cost, intercontinental market between popular European and The USA destinations with a fleet of modern, fuel-efficient, and more environmentally friendly Boeing 787 Dreamliners. Geographically, the company operates in Norway. United Kingdom, Europe, The USA and Other.

Norse Atlantic ASA (OSL:NORSE) Headlines

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