SkiStar AB (OSTO:SKIS B) Long-Term Capital Lease Obligation : kr1,956 Mil (As of May. 2024)

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What is SkiStar AB Long-Term Capital Lease Obligation?

SkiStar AB's Long-Term Capital Lease Obligation for the quarter that ended in May. 2024 was kr1,956 Mil.

SkiStar AB's quarterly Long-Term Capital Lease Obligation declined from Nov. 2023 (kr1,814 Mil) to Feb. 2024 (kr1,792 Mil) but then increased from Feb. 2024 (kr1,792 Mil) to May. 2024 (kr1,956 Mil).

SkiStar AB's annual Long-Term Capital Lease Obligation increased from Aug. 2021 (kr1,372 Mil) to Aug. 2022 (kr1,866 Mil) and increased from Aug. 2022 (kr1,866 Mil) to Aug. 2023 (kr1,890 Mil).

SkiStar AB Long-Term Capital Lease Obligation Historical Data

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

SkiStar AB Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Long-Term Capital Lease Obligation

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619.85

1,372.01

1,865.74

1,890.28

SkiStar AB Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1,855.02	1,890.28	1,813.94	1,791.83	1,956.41

SkiStar AB (OSTO:SKIS 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.

SkiStar AB Long-Term Capital Lease Obligation Related Terms

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SkiStar AB (OSTO:SKIS B) Business Description

Industry

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

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Traded in Other Exchanges

SKISBs:UK 3AJ:Germany

Address

Salfjallsgarden, Salen, SWE, 78067

Website

https://www.skistar.com

SkiStar AB operates resorts in Scandinavia. The company manages and operates mountain ski resorts in Hemsedal and Trysil, in Norway, as well as in Salen, Are, and Vemdalen, in Sweden. It has its own online system where guests can book accommodations, ski passes, ski school lessons, and ski rentals. SkiStar operates its business in the below segments Operation of Mountain Resorts; Property Development and Operation of Hotels. The company also manages accommodation properties for hire, owns the land for development.

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