Konecranes Oyj (OHEL:KCR) Long-Term Capital Lease Obligation : €0 Mil (As of Mar. 2024)

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What is Konecranes Oyj Long-Term Capital Lease Obligation?

Konecranes Oyj's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil.

Konecranes Oyj's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (€0 Mil) to Dec. 2023 (€113 Mil) but then declined from Dec. 2023 (€113 Mil) to Mar. 2024 (€0 Mil).

Konecranes Oyj's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€85 Mil) to Dec. 2022 (€104 Mil) and increased from Dec. 2022 (€104 Mil) to Dec. 2023 (€113 Mil).

Konecranes Oyj Long-Term Capital Lease Obligation Historical Data

The historical data trend for Konecranes Oyj'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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Konecranes Oyj Long-Term Capital Lease Obligation Chart

Konecranes Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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98.40

90.90

85.10

104.00

112.70

Konecranes Oyj 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															-	-	-	112.70	-

Konecranes Oyj (OHEL:KCR) 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.

Konecranes Oyj Long-Term Capital Lease Obligation Related Terms

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Konecranes Oyj (OHEL:KCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Konecranes Oyj (OHEL:KCR) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

KNCRY:USA KNCRF:USA KCRh:UK 0MET:UK K34:Germany

Address

Koneenkatu 8, P.O. Box 661, Hyvinkaa, FIN, FI-05801

Website

https://www.konecranes.com

Konecranes Oyj provides lifting equipment and services for manufacturing industries, shipyards, ports, and terminals. It offers cranes, material handling solutions, and other components geared toward transporting and organizing supplies. Workstation lifting systems, trucks, and various hoists include advanced technologies to increase control and equipment capabilities. Products are marketed through various brands, and sales offices are in multiple regions. The company's global service network provides a full range of service solutions, specialized maintenance, and modernization services for equipment and tools. Inspections, spare parts, and preventive maintenance programs enhance efficiencies and extend product lifecycles.

Konecranes Oyj (OHEL:KCR) Headlines

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