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EnWave (EnWave) Long-Term Capital Lease Obligation : $0.68 Mil (As of Dec. 2023)


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What is EnWave Long-Term Capital Lease Obligation?

EnWave's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.68 Mil.

EnWave's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($0.79 Mil) to Sep. 2023 ($0.72 Mil) and declined from Sep. 2023 ($0.72 Mil) to Dec. 2023 ($0.68 Mil).

EnWave's annual Long-Term Capital Lease Obligation increased from Sep. 2021 ($0.66 Mil) to Sep. 2022 ($1.04 Mil) but then declined from Sep. 2022 ($1.04 Mil) to Sep. 2023 ($0.72 Mil).

EnWave Long-Term Capital Lease Obligation Historical Data

The historical data trend for EnWave'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.

EnWave Long-Term Capital Lease Obligation Chart

EnWave Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.77 0.66 1.04 0.72

EnWave 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 0.94 0.85 0.79 0.72 0.68

EnWave  (OTCPK:NWVCF) 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.

EnWave Long-Term Capital Lease Obligation Related Terms

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EnWave (EnWave) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EnWave Corp (OTCPK:NWVCF) » Definitions » Long-Term Capital Lease Obligation
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Address
1668 Derwent Way, Unit 1, Delta, BC, CAN, V3M 6R9
Website
https://www.enwave.net
EnWave Corp is engaged in licensing its intellectual property through royalty-bearing agreements and the design, construction, marketing and sales of vacuum-microwave machinery for the food, cannabis and biomaterial dehydration industries. The Company's wholly-owned subsidiary, NutraDried Food Company, LLC manufactures, markets and sells certain dehydrated food products manufactured using EnWave's proprietary technology.