Kongsberg Automotive Holdings ASA (OSTO:KOAO) Long-Term Capital Lease Obligation : kr722 Mil (As of Mar. 2024)

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What is Kongsberg Automotive Holdings ASA Long-Term Capital Lease Obligation?

Kongsberg Automotive Holdings ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr722 Mil.

Kongsberg Automotive Holdings ASA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr599 Mil) to Dec. 2023 (kr752 Mil) but then declined from Dec. 2023 (kr752 Mil) to Mar. 2024 (kr722 Mil).

Kongsberg Automotive Holdings ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr676 Mil) to Dec. 2022 (kr632 Mil) but then increased from Dec. 2022 (kr632 Mil) to Dec. 2023 (kr752 Mil).

Kongsberg Automotive Holdings ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Kongsberg Automotive Holdings 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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Kongsberg Automotive Holdings ASA Long-Term Capital Lease Obligation Chart

Kongsberg Automotive Holdings ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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924.46

949.10

675.87

632.16

752.38

Kongsberg Automotive Holdings ASA 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															634.87	633.98	598.62	752.38	722.08

Kongsberg Automotive Holdings ASA (OSTO:KOAo) 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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Kongsberg Automotive Holdings ASA (OSTO:KOAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kongsberg Automotive Holdings ASA (OSTO:KOAo) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KGAUF:USA KOA:Norway KOAo:UK K3A:Germany

Address

Europaallee 39, Zurich, CHE, 8004

Website

https://www.kongsbergautomotive.com

Kongsberg Automotive Holdings ASA is a Norway-based company that develops, manufactures and sells products to the automotive industry. The company has organized its businesses into two segments, namely Powertrain and Chassis Products and Specialty Products. The Powertrain and Chassis Products business segment is comprised of the Driveline and On-Highway business units, while the business units under the Specialty Products business segment are Couplings, Fluid Transfer Systems (FTS), and Off-Highway.

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