Readly International AB (CHIX:READS) Long-Term Capital Lease Obligation : kr1.9 Mil (As of Dec. 2023)

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What is Readly International AB Long-Term Capital Lease Obligation?

Readly International AB's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr1.9 Mil.

Readly International AB's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (kr1.5 Mil) to Sep. 2023 (kr2.0 Mil) but then declined from Sep. 2023 (kr2.0 Mil) to Dec. 2023 (kr1.9 Mil).

Readly International AB's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr7.1 Mil) to Dec. 2022 (kr4.8 Mil) and declined from Dec. 2022 (kr4.8 Mil) to Dec. 2023 (kr1.9 Mil).

Readly International AB Long-Term Capital Lease Obligation Historical Data

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

Readly International AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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1.55

0.42

7.11

4.83

1.86

Readly International AB Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.83	1.63	1.54	2.03	1.86

Readly International AB (CHIX:READs) 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.

Readly International AB Long-Term Capital Lease Obligation Related Terms

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Readly International AB (CHIX:READS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Readly International AB (CHIX:READs) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

READ:Sweden 5GS1:Germany

Address

Kungsgatan 17, PO Box 33 41, Stockholm, SWE, 111 43

Website

https://readly.com

Readly International AB is a provider of digital subscription services that offer access to digital magazines and newspapers. Its subscription gives the user unlimited access to thousands of magazines in around 16 local languages. Geographically company derived its revenue from Germany, UK, Sweden, France, and Others.

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