Norse Atlantic ASA (STU:9LG0) Long-Term Capital Lease Obligation : €812.8 Mil (As of Mar. 2024)

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What is Norse Atlantic ASA Long-Term Capital Lease Obligation?

Norse Atlantic ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €812.8 Mil.

Norse Atlantic ASA's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€842.0 Mil) to Dec. 2023 (€827.3 Mil) and declined from Dec. 2023 (€827.3 Mil) to Mar. 2024 (€812.8 Mil).

Norse Atlantic ASA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€82.6 Mil) to Dec. 2022 (€873.7 Mil) but then declined from Dec. 2022 (€873.7 Mil) to Dec. 2023 (€827.3 Mil).

Norse Atlantic ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Norse Atlantic 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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Norse Atlantic ASA Long-Term Capital Lease Obligation Chart

Norse Atlantic ASA Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

82.62

873.69

827.27

Norse Atlantic ASA Quarterly Data
	Feb20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial						855.97	845.20	842.05	827.27	812.76

Norse Atlantic ASA (STU:9LG0) 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.

Norse Atlantic ASA Long-Term Capital Lease Obligation Related Terms

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Norse Atlantic ASA (STU:9LG0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norse Atlantic ASA (STU:9LG0) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

NRSAF:USA NORSE:Norway 0ABN:UK 9LG0:Germany

Address

Floyveien 14, Arendal, NOR, 4838

Website

https://www.flynorse.com

Norse Atlantic ASA is a new innovative airline serving the low-cost, intercontinental market between popular European and The USA destinations with a fleet of modern, fuel-efficient, and more environmentally friendly Boeing 787 Dreamliners. Geographically, the company operates in Norway. United Kingdom, Europe, The USA and Other.

Norse Atlantic ASA (STU:9LG0) Headlines

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