Beerenberg AS (OSL:BBERG) Long-Term Capital Lease Obligation : kr0 Mil (As of Dec. 2023)

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What is Beerenberg AS Long-Term Capital Lease Obligation?

Beerenberg AS's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0 Mil.

Beerenberg AS's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (kr0 Mil) to Jun. 2023 (kr66 Mil) but then declined from Jun. 2023 (kr66 Mil) to Dec. 2023 (kr0 Mil).

Beerenberg AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Beerenberg AS'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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Beerenberg AS Long-Term Capital Lease Obligation Chart

Beerenberg AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

Beerenberg AS Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	66.00	-

Beerenberg AS (OSL:BBERG) 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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Beerenberg AS (OSL:BBERG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beerenberg AS (OSL:BBERG) » Definitions » Long-Term Capital Lease Obligation

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ZA9:Germany

Address

Kokstaddalen 33, P.O.Box 273, Slåtthaug, Bergen, NOR, N-5851

Website

https://www.beerenberg.com

Beerenberg AS is a company engaged in contract work, production, industrial maintenance, trading, agency and commission work, and to take interests in other enterprises engaged in similar activities. Its Business activities include innovative service solutions for the oil and gas industry, covering the entire life cycle from field studies and newbuilds to maintenance, modifications, and lifetime extensions. The business area Services include Beerenberg´s core ISS disciplines Insulation, Scaffolding and Surface treatment, as well as passive fire protection, technical cleaning, rope access techniques, robotic surface treatment, architectural outfitting services.

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