Observe Medical ASA (OSL:OBSRV) Long-Term Capital Lease Obligation : kr0.37 Mil (As of Jun. 2023)

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What is Observe Medical ASA Long-Term Capital Lease Obligation?

Observe Medical ASA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was kr0.37 Mil.

Observe Medical ASA's quarterly Long-Term Capital Lease Obligation stayed the same from Dec. 2022 (kr0.97 Mil) to Mar. 2023 (kr0.97 Mil) but then declined from Mar. 2023 (kr0.97 Mil) to Jun. 2023 (kr0.37 Mil).

Observe Medical ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr0.55 Mil) to Dec. 2022 (kr0.97 Mil) but then declined from Dec. 2022 (kr0.97 Mil) to Dec. 2023 (kr0.14 Mil).

Observe Medical ASA Long-Term Capital Lease Obligation Historical Data

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

Observe Medical ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.08

0.26

0.55

0.97

0.14

Observe Medical ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.09	0.97	0.97	0.37	0.14

Observe Medical ASA (OSL:OBSRV) 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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Observe Medical ASA (OSL:OBSRV) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Observe Medical ASA (OSL:OBSRV) » Definitions » Long-Term Capital Lease Obligation

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OM5A:Germany

Address

Dronning Eufemias gate 16, Oslo, NOR, 0191

Website

https://www.observemedical.com

Observe Medical ASA through its subsidiaries develops medical technology products that benefit patients and healthcare professionals. It has developed the product Sippi which is an automatic and digital urine meter and the technology Sippcoat which prevents bacterial migration in closed collection systems.

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