Mips AB (OSTO:MIPS) Long-Term Capital Lease Obligation : kr8.0 Mil (As of Mar. 2024)

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What is Mips AB Long-Term Capital Lease Obligation?

Mips AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr8.0 Mil.

Mips AB's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr10.0 Mil) to Dec. 2023 (kr9.0 Mil) and declined from Dec. 2023 (kr9.0 Mil) to Mar. 2024 (kr8.0 Mil).

Mips AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr4.0 Mil) to Dec. 2022 (kr12.0 Mil) but then declined from Dec. 2022 (kr12.0 Mil) to Dec. 2023 (kr9.0 Mil).

Mips AB Long-Term Capital Lease Obligation Historical Data

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

Mips AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.00

4.00

12.00

9.00

Mips 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															11.00	11.00	10.00	9.00	8.00

Mips AB (OSTO:MIPS) 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.

Mips AB Long-Term Capital Lease Obligation Related Terms

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Mips AB (OSTO:MIPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mips AB (OSTO:MIPS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MIPSs:UK 0RNQ:UK 7M1:Germany

Address

Kemistvagen 1B, Taby, Stockholm, SWE, SE-183 79

Website

https://www.mipscorp.com

MIPS AB manufactures and sells helmet-based safety and brain protection products in Sweden. The company sells MIPS Brain Protection System for helmet solutions in the consumer market such as bicycles, winter sports, motorcycles, horse riding, team sports, and others; and in commercial markets such as military, police, and rescue services.

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