Storebrand ASA (Storebrand ASA) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)

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What is Storebrand ASA Long-Term Capital Lease Obligation?

Storebrand ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

Storebrand ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($135 Mil) to Dec. 2022 ($112 Mil) and declined from Dec. 2022 ($112 Mil) to Dec. 2023 ($0 Mil).

Storebrand ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Storebrand ASA'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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Storebrand ASA Long-Term Capital Lease Obligation Chart

Storebrand ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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155.62

134.73

112.25

Storebrand ASA 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															-	-	-	-	-

Storebrand ASA (OTCPK:SREDF) 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.

Storebrand ASA Long-Term Capital Lease Obligation Related Terms

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Storebrand ASA (Storebrand ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Storebrand ASA (OTCPK:SREDF) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

STBo:Sweden STB:Norway 0NO0:UK SKT:Germany

Address

Professor Kohts vei 9, P.O. Box 474, Lysaker, NOR, N-1327

Website

https://www.storebrand.no

Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into nonguaranteed savings, insurance, and guaranteed pensions. The savings segment includes products for retirement savings with no interest rate guarantees. The segment consists of defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The insurance segment provides risk products in Norway and Sweden. It provides health, property & casualty, personal risk products, and employee-related & pension-related insurance. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return.

Storebrand ASA (Storebrand ASA) Headlines

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Q4 2023 Storebrand ASA Earnings Call Transcript

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