Fortnox AB (OSTO:FNOX) Long-Term Capital Lease Obligation : kr108 Mil (As of Mar. 2024)

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What is Fortnox AB Long-Term Capital Lease Obligation?

Fortnox AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr108 Mil.

Fortnox AB's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr119 Mil) to Dec. 2023 (kr113 Mil) and declined from Dec. 2023 (kr113 Mil) to Mar. 2024 (kr108 Mil).

Fortnox AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr147 Mil) to Dec. 2022 (kr129 Mil) and declined from Dec. 2022 (kr129 Mil) to Dec. 2023 (kr113 Mil).

Fortnox AB Long-Term Capital Lease Obligation Historical Data

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

Fortnox AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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45.55

156.13

147.10

129.00

113.00

Fortnox AB 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															131.00	124.00	119.00	113.00	108.00

Fortnox AB (OSTO:FNOX) 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.

Fortnox AB Long-Term Capital Lease Obligation Related Terms

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Fortnox AB (OSTO:FNOX) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortnox AB (OSTO:FNOX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

FNOXs:UK 0G3T:UK 9E80:Germany

Address

Framtidsvagen Street 10A, PO Box 427, Videum Science Park, Vaxjo, SWE, 351 06

Website

https://www.fortnox.se

Fortnox AB provides internet-based business applications for accounting, invoicing, sales support, time reporting, and payroll administration. Its products are used in small businesses, associations, schools, and accounting agencies.

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