Litgrid AB (OVSE:LGD1L) Long-Term Capital Lease Obligation : €4.9 Mil (As of Mar. 2024)

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What is Litgrid AB Long-Term Capital Lease Obligation?

Litgrid AB's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €4.9 Mil.

Litgrid AB's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€5.1 Mil) to Dec. 2023 (€5.0 Mil) and declined from Dec. 2023 (€5.0 Mil) to Mar. 2024 (€4.9 Mil).

Litgrid AB's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€4.4 Mil) to Dec. 2022 (€5.3 Mil) but then declined from Dec. 2022 (€5.3 Mil) to Dec. 2023 (€5.0 Mil).

Litgrid AB Long-Term Capital Lease Obligation Historical Data

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

Litgrid AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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4.77

4.59

4.41

5.30

5.04

Litgrid 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															5.25	5.20	5.10	5.04	4.93

Litgrid AB (OVSE:LGD1L) 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.

Litgrid AB Long-Term Capital Lease Obligation Related Terms

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Litgrid AB (OVSE:LGD1L) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Litgrid AB (OVSE:LGD1L) » Definitions » Long-Term Capital Lease Obligation

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Address

Karlo Gustavo Emilio Manerheimo street 8, Vilnius, LTU, LT-05131

Website

https://www.litgrid.eu

Litgrid AB is an operator of an electricity transmission system operating electricity transmissions in Lithuania. It is responsible for integrating the national power system into the European power infrastructure and electricity market. The business activity of the group functions under various segments namely Electricity transmission and related services activities, and Other income. Geographically, the business presence of the firm is seen in the regions of Lithuania, Norway, Sweden, Latvia, Estonia and others of which the Lithuania region accounts for the majority of the revenue.

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