Nordic LEVEL Group AB (OSTO:LEVEL) Long-Term Capital Lease Obligation : kr7.6 Mil (As of Dec. 2023)

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What is Nordic LEVEL Group AB Long-Term Capital Lease Obligation?

Nordic LEVEL Group AB's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr7.6 Mil.

Nordic LEVEL Group AB's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (kr7.6 Mil) to Sep. 2023 (kr6.6 Mil) but then increased from Sep. 2023 (kr6.6 Mil) to Dec. 2023 (kr7.6 Mil).

Nordic LEVEL Group AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr8.3 Mil) to Dec. 2022 (kr5.9 Mil) but then increased from Dec. 2022 (kr5.9 Mil) to Dec. 2023 (kr7.6 Mil).

Nordic LEVEL Group AB Long-Term Capital Lease Obligation Historical Data

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

Nordic LEVEL Group AB Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.71

4.72

8.33

5.88

7.60

Nordic LEVEL Group AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															5.88	4.99	7.57	6.56	7.60

Nordic LEVEL Group AB (OSTO:LEVEL) 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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Nordic LEVEL Group AB (OSTO:LEVEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nordic LEVEL Group AB (OSTO:LEVEL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

Esplanaden 3 B, Sundbyberg, SWE, 172 67

Website

https://www.nordiclevelgroup.com

Nordic LEVEL Group AB is an acquisition-driven group that acquires and develops companies in the security sector. The group is a full-service provider of trusted safety and security solutions, and the business is conducted through the group's subsidiaries in the Nordic market. LEVEL operates in three core areas: advisory, technology and operations. The company focus is to decrease societal costs by increasing both physical and perceived security for clients as well as allowing for law enforcement to focus on their primary societal responsibilities.

Nordic LEVEL Group AB (OSTO:LEVEL) Headlines

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