Maxim Power (Maxim Power) Accumulated Depreciation : $-76.42 Mil (As of Dec. 2023)

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What is Maxim Power Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Maxim Power's quarterly accumulated depreciation declined from Jun. 2023 ($-72.77 Mil) to Sep. 2023 ($-72.75 Mil) but then increased from Sep. 2023 ($-72.75 Mil) to Dec. 2023 ($-76.42 Mil).

Maxim Power's annual accumulated depreciation increased from Dec. 2021 ($-66.11 Mil) to Dec. 2022 ($-68.34 Mil) and increased from Dec. 2022 ($-68.34 Mil) to Dec. 2023 ($-76.42 Mil).

Maxim Power Accumulated Depreciation Historical Data

The historical data trend for Maxim Power's Accumulated Depreciation 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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Maxim Power Accumulated Depreciation Chart

Maxim Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accumulated Depreciation

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-54.07

-59.85

-66.11

-68.34

-76.42

Maxim Power Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accumulated Depreciation	Get a 7-Day Free Trial															-68.34	-69.31	-72.77	-72.75	-76.42

Maxim Power Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Maxim Power Accumulated Depreciation Related Terms

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Maxim Power (Maxim Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Maxim Power Corp (OTCPK:MXGFF) » Definitions » Accumulated Depreciation

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Traded in Other Exchanges

MXG:Canada

Address

715-5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6

Website

https://www.maximpowercorp.com

Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.