ABB (OSTO:ABB) Long-Term Capital Lease Obligation : kr6,495 Mil (As of Sep. 2024)

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What is ABB Long-Term Capital Lease Obligation?

ABB's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr6,495 Mil.

ABB's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (kr6,684 Mil) to Jun. 2024 (kr6,617 Mil) and declined from Jun. 2024 (kr6,617 Mil) to Sep. 2024 (kr6,495 Mil).

ABB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr6,263 Mil) to Dec. 2022 (kr6,756 Mil) and increased from Dec. 2022 (kr6,756 Mil) to Dec. 2023 (kr6,832 Mil).

ABB Long-Term Capital Lease Obligation Historical Data

The historical data trend for ABB'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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ABB Long-Term Capital Lease Obligation Chart

ABB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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6,763.03

6,113.43

6,262.73

6,756.08

6,831.56

ABB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7,127.53	6,831.56	6,684.06	6,617.30	6,495.42

ABB (OSTO:ABB) 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.

ABB Long-Term Capital Lease Obligation Related Terms

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ABB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ABB Ltd (OSTO:ABB) » Definitions » Long-Term Capital Lease Obligation

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Address

Affolternstrasse 44, Zurich, CHE, 8050

Website

https://www.abb.com

ABB is a supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies: ASEA and BBC. Its products include electrical equipment, industrial robots, and equipment used for industrial automation that are sold via approximately 19 business divisions. ABB is the number one or two supplier in two thirds of its product segments.

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