AB Akola Group (OVSE:AKO1L) Long-Term Capital Lease Obligation : €40 Mil (As of Mar. 2024)

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

AB Akola Group's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €40 Mil.

AB Akola Group's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€39 Mil) to Dec. 2023 (€35 Mil) but then increased from Dec. 2023 (€35 Mil) to Mar. 2024 (€40 Mil).

AB Akola Group's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (€27 Mil) to Jun. 2022 (€32 Mil) and increased from Jun. 2022 (€32 Mil) to Jun. 2023 (€35 Mil).

AB Akola Group Long-Term Capital Lease Obligation Historical Data

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

AB Akola Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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2.46

19.48

27.15

31.87

35.10

AB Akola Group 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															33.60	35.10	38.58	34.52	40.43

AB Akola Group (OVSE:AKO1L) 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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AB Akola Group (OVSE:AKO1L) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AB Akola Group (OVSE:AKO1L) » Definitions » Long-Term Capital Lease Obligation

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YG4:Germany

Address

Subacius Street 5, Vilnius, LTU, LT-01302

Website

https://www.linasagrogroup.lt

AB Akola Group formerly Linas Agro Group AB is an agribusiness company. The business activities of the group are divided into five operating segments namely Grain, oilseed and feed, Products and Services for Farming, Agricultural Production, Food products and others. Its products include grain, oilseed, raw feedstuffs, milk, poultry, and other products and services. The company earns maximum revenue from Grain, oilseed and feed segment. The company Geographically operates in Lithuani, Europe, Scandinavian countries, Africa, Asia, CIS and other.

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