Karnell Group AB (OSTO:KARNEL B) Long-Term Capital Lease Obligation : kr60.2 Mil (As of Mar. 2024)

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What is Karnell Group AB Long-Term Capital Lease Obligation?

Karnell Group AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr60.2 Mil.

Karnell Group AB's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 (kr0.0 Mil) to Dec. 2023 (kr42.1 Mil) and increased from Dec. 2023 (kr42.1 Mil) to Mar. 2024 (kr60.2 Mil).

Karnell Group AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr38.3 Mil) to Dec. 2022 (kr55.8 Mil) but then declined from Dec. 2022 (kr55.8 Mil) to Dec. 2023 (kr42.1 Mil).

Karnell Group AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Karnell Group 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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Karnell Group AB Long-Term Capital Lease Obligation Chart

Karnell Group AB Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

38.29

55.78

42.08

Karnell Group AB Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Long-Term Capital Lease Obligation	38.29	55.78	-	42.08	60.20

Karnell Group AB (OSTO:KARNEL B) 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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Karnell Group AB (OSTO:KARNEL B) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Riddargatan 13D, Stockholm, SWE, 114 51

Website

https://www.karnell.se

Karnell Group AB is a company that is an active owner of industrial technology companies. The Company's business concept is to use a systematic and proactive acquisition strategy to identify and invest in industrial technology companies where Karnell believes there is development potential and thus an opportunity for value creation with Karnell as a long-term owner. It consists of twelve directly owned group companies, with subsidiaries, divided into two business areas that includes Product companies and Niched manufacturers. The business area Product companies consists of companies that wholly or predominantly base their business on proprietary products, which may include various rights such as trademarks, patents, etc.

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