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Balco Group AB (OSTO:BALCO) Long-Term Capital Lease Obligation : kr49 Mil (As of Mar. 2024)


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What is Balco Group AB Long-Term Capital Lease Obligation?

Balco Group AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr49 Mil.

Balco Group AB's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (kr54 Mil) to Dec. 2023 (kr51 Mil) and declined from Dec. 2023 (kr51 Mil) to Mar. 2024 (kr49 Mil).

Balco Group AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (kr22 Mil) to Dec. 2022 (kr63 Mil) but then declined from Dec. 2022 (kr63 Mil) to Dec. 2023 (kr51 Mil).


Balco Group AB Long-Term Capital Lease Obligation Historical Data

The historical data trend for Balco Group 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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Balco Group AB Long-Term Capital Lease Obligation Chart

Balco Group AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.08 26.56 21.88 63.31 51.21

Balco Group AB 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 60.10 57.10 54.30 51.21 49.40

Balco Group AB  (OSTO:BALCO) 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.

Balco Group AB Long-Term Capital Lease Obligation Related Terms

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Balco Group AB (OSTO:BALCO) Business Description

Traded in Other Exchanges
Address
Algvagen 4, Vaxjo, SWE, 352 45
Balco Group AB provides expertise in supplying glazed balconies and balcony solutions. It offers customer-adapted and balcony solutions to tenant-owner associations, the public housing sector, private landlords, and construction companies. Its operating segment includes Renovation, New Build, and others. It generates maximum revenue from the Renovation segment. Geographically, it derives a majority of its revenue from Sweden and also has a presence in Germany, Norway, Denmark the United Kingdom, Netherlands, Finland, and Switzerland.

Balco Group AB (OSTO:BALCO) Headlines

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