Momentum Group AB (OSTO:MMGR B) Long-Term Capital Lease Obligation : kr119 Mil (As of Mar. 2024)

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

Momentum Group AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr119 Mil.

Momentum Group AB's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr109 Mil) to Dec. 2023 (kr116 Mil) and increased from Dec. 2023 (kr116 Mil) to Mar. 2024 (kr119 Mil).

Momentum Group AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr82 Mil) to Dec. 2022 (kr84 Mil) and increased from Dec. 2022 (kr84 Mil) to Dec. 2023 (kr116 Mil).

Momentum Group AB Long-Term Capital Lease Obligation Historical Data

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

Momentum Group AB Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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27.00

82.00

84.00

116.00

Momentum Group AB Quarterly Data
	Mar19	Mar20	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											86.00	107.00	109.00	116.00	119.00

Momentum Group AB (OSTO:MMGR 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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Momentum Group AB (OSTO:MMGR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Momentum Group AB (OSTO:MMGR B) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

X64:Germany

Address

Ostermalmsgatan 87 E, Stockholm, SWE, SE-114 59

Website

https://www.momentum.group

Momentum Group AB operates, develops and acquires successful sustainable companies in the Nordic region through active ownership with decentralized profit and business responsibility. The group consists of a number of companies that together constitute one of the Nordic region's leading suppliers of industrial components, industrial services and other related services in the industrial sector.

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