Aker Carbon Capture ASA (OSL:ACC) Long-Term Capital Lease Obligation : kr37 Mil (As of Mar. 2024)

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What is Aker Carbon Capture ASA Long-Term Capital Lease Obligation?

Aker Carbon Capture ASA's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr37 Mil.

Aker Carbon Capture ASA's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (kr0 Mil) to Dec. 2023 (kr37 Mil) and increased from Dec. 2023 (kr37 Mil) to Mar. 2024 (kr37 Mil).

Aker Carbon Capture ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (kr6 Mil) to Dec. 2022 (kr0 Mil) but then increased from Dec. 2022 (kr0 Mil) to Dec. 2023 (kr37 Mil).

Aker Carbon Capture ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aker Carbon Capture 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.

* Premium members only.

Aker Carbon Capture ASA Long-Term Capital Lease Obligation Chart

Aker Carbon Capture ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

9.27

6.09

36.84

Aker Carbon Capture ASA Quarterly Data
	Jul20	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										-	-	-	36.84	37.32

Aker Carbon Capture ASA (OSL:ACC) 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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Aker Carbon Capture ASA (OSL:ACC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aker Carbon Capture ASA (OSL:ACC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

AKCCF:USA ACCo:Sweden 0ZCB:UK 606:Germany

Address

Oksenoyveien 8, Lysaker, Baerum, NOR, 1366

Website

https://www.akercarboncapture.com

Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR), and Storage Practice.