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Empresa Distribuidora y Comercializadora Norte (Empresa Distribuidora y Comercializadora Norte) Long-Term Capital Lease Obligation : $2 Mil (As of Dec. 2023)


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What is Empresa Distribuidora y Comercializadora Norte Long-Term Capital Lease Obligation?

Empresa Distribuidora y Comercializadora Norte's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2 Mil.

Empresa Distribuidora y Comercializadora Norte's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($1 Mil) to Sep. 2023 ($1 Mil) and increased from Sep. 2023 ($1 Mil) to Dec. 2023 ($2 Mil).

Empresa Distribuidora y Comercializadora Norte's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($2 Mil) to Dec. 2022 ($1 Mil) but then increased from Dec. 2022 ($1 Mil) to Dec. 2023 ($2 Mil).

Empresa Distribuidora y Comercializadora Norte Long-Term Capital Lease Obligation Historical Data

The historical data trend for Empresa Distribuidora y Comercializadora Norte'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.

* Premium members only.

Empresa Distribuidora y Comercializadora Norte Long-Term Capital Lease Obligation Chart

Empresa Distribuidora y Comercializadora Norte 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 - 1.13 1.53 0.73 2.08

Empresa Distribuidora y Comercializadora Norte 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 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 0.73 0.59 0.57 1.03 2.08

Empresa Distribuidora y Comercializadora Norte  (NYSE:EDN) 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.

Empresa Distribuidora y Comercializadora Norte Long-Term Capital Lease Obligation Related Terms

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Empresa Distribuidora y Comercializadora Norte (Empresa Distribuidora y Comercializadora Norte) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Empresa Distribuidora y Comercializadora Norte SA (NYSE:EDN) » Definitions » Long-Term Capital Lease Obligation
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BUE:TRAN BUE:CECO2 BUE:EDSH BUE:CEPU NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG BOM:532898 ED XEL EIX WEC SHSE:601985
Traded in Other Exchanges
PWD1:Germany PWD1:Germany EDN:Argentina
Address
6363 Del Libertador Avenue, Buenos Aires, ARG, C1428ARG
Website
https://www.edenor.com
Empresa Distribuidora y Comercializadora Norte SA is an Investment company and provider of services related to the distribution of electricity, renewable energies, and the development of sustainable technology. The firm's concession area covers the northern portion of the city of Buenos Aires mainly to residential, commercial, industrial, and public service.