Ballard Power Systems (Ballard Power Systems) Long-Term Capital Lease Obligation : $13.4 Mil (As of Dec. 2023)

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What is Ballard Power Systems Long-Term Capital Lease Obligation?

Ballard Power Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.4 Mil.

Ballard Power Systems's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($10.0 Mil) to Sep. 2023 ($14.1 Mil) but then declined from Sep. 2023 ($14.1 Mil) to Dec. 2023 ($13.4 Mil).

Ballard Power Systems's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($13.9 Mil) to Dec. 2022 ($11.8 Mil) but then increased from Dec. 2022 ($11.8 Mil) to Dec. 2023 ($13.4 Mil).

Ballard Power Systems Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ballard Power Systems'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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Ballard Power Systems Long-Term Capital Lease Obligation Chart

Ballard Power Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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17.31

15.18

13.88

11.84

13.39

Ballard Power Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															11.84	10.88	9.97	14.12	13.39

Ballard Power Systems (NAS:BLDP) 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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Ballard Power Systems (Ballard Power Systems) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ballard Power Systems Inc (NAS:BLDP) » Definitions » Long-Term Capital Lease Obligation

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0QY5:UK PO0:Germany BLDP:Canada

Address

9000 Glenlyon Parkway, Burnaby, BC, CAN, V5J 5J8

Website

https://www.ballard.com

Ballard Power Systems is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the U.S., Europe, and China.