Vilniaus Baldai AB (OVSE:VBL1L) Long-Term Capital Lease Obligation : €0.51 Mil (As of Feb. 2025)

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What is Vilniaus Baldai AB Long-Term Capital Lease Obligation?

Vilniaus Baldai AB's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2025 was €0.51 Mil.

Vilniaus Baldai AB's quarterly Long-Term Capital Lease Obligation increased from Aug. 2024 (€0.46 Mil) to Nov. 2024 (€0.50 Mil) and increased from Nov. 2024 (€0.50 Mil) to Feb. 2025 (€0.51 Mil).

Vilniaus Baldai AB's annual Long-Term Capital Lease Obligation increased from Aug. 2022 (€0.59 Mil) to Aug. 2023 (€0.62 Mil) but then declined from Aug. 2023 (€0.62 Mil) to Aug. 2024 (€0.46 Mil).

Vilniaus Baldai AB Long-Term Capital Lease Obligation Historical Data

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

Vilniaus Baldai AB Annual Data

Trend

Dec14

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Long-Term Capital Lease Obligation

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0.58

0.43

0.59

0.62

0.46

Vilniaus Baldai AB Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.81	33.15	0.46	0.50	0.51

Vilniaus Baldai AB (OVSE:VBL1L) 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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Vilniaus Baldai AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Vilniaus Baldai AB (OVSE:VBL1L) » Definitions » Long-Term Capital Lease Obligation

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Address

Pramones street 23, Guopstu Village, Traku District, Vilnius, LTU, 21148

Website

https://www.vilniausbaldai.lt

Vilniaus Baldai AB is a Lithuania-based manufacturer of lightweight construction cabinet furniture. The company designs and produces flat-pack furniture. The company operates in one segment that is furniture which includes sales of raw materials and finished production. It derives the majority of its revenue from the sale of furniture in the European Union countries followed by non-European Union countries and Lithuania.

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