AS Baltika (OTSE:BLT1T) Long-Term Capital Lease Obligation : €2.91 Mil (As of Mar. 2023)

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What is AS Baltika Long-Term Capital Lease Obligation?

AS Baltika's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was €2.91 Mil.

AS Baltika's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (€3.19 Mil) to Dec. 2022 (€3.30 Mil) but then declined from Dec. 2022 (€3.30 Mil) to Mar. 2023 (€2.91 Mil).

AS Baltika's annual Long-Term Capital Lease Obligation declined from Dec. 2020 (€6.49 Mil) to Dec. 2021 (€4.35 Mil) and declined from Dec. 2021 (€4.35 Mil) to Dec. 2022 (€3.30 Mil).

AS Baltika Long-Term Capital Lease Obligation Historical Data

The historical data trend for AS Baltika'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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AS Baltika Long-Term Capital Lease Obligation Chart

AS Baltika Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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12.40

6.49

4.35

3.30

AS Baltika Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.37	3.70	3.19	3.30	2.91

AS Baltika (OTSE:BLT1T) 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.

AS Baltika Long-Term Capital Lease Obligation Related Terms

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AS Baltika (OTSE:BLT1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AS Baltika (OTSE:BLT1T) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

N/A

Address

Valukoja 10, Tallinn, EST, 11415

Website

https://www.baltikagroup.com

AS Baltika is a fashion retailer and is engaged in designing, manufacturing, distribution, wholesale, retail and supply chain management. It develops and operates fashion brands such as Ivo Nikkolo. Most of its revenue is derived from the sale of goods in retail channels followed by wholesale and franchise channel. Geographically, the company operates its business mainly from Europe. It operates in the business segments; Retail segment, E-commerce segment and All other segments. The retail segment consists of retail operations in Estonia, Latvia, Lithuania and Finland. All other segments consist of the sale of good to wholesale and franchise clients, material and sewing services and e-commerce sales.

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