Arcimoto (Arcimoto) Long-Term Capital Lease Obligation : $1.33 Mil (As of Sep. 2023)

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What is Arcimoto Long-Term Capital Lease Obligation?

Arcimoto's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.33 Mil.

Arcimoto's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($1.78 Mil) to Jun. 2023 ($1.56 Mil) and declined from Jun. 2023 ($1.56 Mil) to Sep. 2023 ($1.33 Mil).

Arcimoto's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.54 Mil) to Dec. 2021 ($0.71 Mil) and increased from Dec. 2021 ($0.71 Mil) to Dec. 2022 ($1.60 Mil).

Arcimoto Long-Term Capital Lease Obligation Historical Data

The historical data trend for Arcimoto'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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Arcimoto Long-Term Capital Lease Obligation Chart

Arcimoto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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1.51

0.71

0.54

0.71

1.60

Arcimoto Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.80	1.60	1.78	1.56	1.33

Arcimoto (NAS:FUV) 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.

Arcimoto Long-Term Capital Lease Obligation Related Terms

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Arcimoto (Arcimoto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Arcimoto Inc (NAS:FUV) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

53H0:Germany

Address

2034 West 2nd Avenue, Eugene, OR, USA, 97402

Website

https://www.arcimoto.com

Arcimoto Inc is an electric vehicle company that designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) that delivers a thrilling ride experience for two passengers with cargo, parking, and operation. The company's products also comprise Rapid Responder designed to perform emergency, security, and law enforcement services; Deliverator, an electric last-mile delivery solution; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof built for on-road filming; and Arcimoto Roadster, an unparalleled pure-electric on-road thrill machine.

Executives

Dan M. Creed	director	2034 WEST 2ND AVENUE, EUGENE OR 97402
Christopher W. Dawson	director	2034 WEST 2ND AVENUE, EUGENE OR 97402
Galileo Russell	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Jesse Grant Eisler	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Jesse Fittipaldi	officer: Executive Vice President	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Dorbin John W. Jr.	officer: General Counsel & Corp. Sec.	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Terry L Becker	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Nancy E. Calderon	director	1285 WAKEFIELD TRAIL, RENO NV 89523
Mark Frohnmayer	director, 10 percent owner, officer: President & CEO	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Joshua S Scherer	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Douglas M Campoli	officer: Chief Financial Officer	C/O ENVIROTECH VEHICLES, INC., 1425 OHLENDORF ROAD, OSCEOLA AR 72370
Jeff Curl	director	C/O ARCIMOTO, INC., 2034 WEST 2ND AVENUE, EUGENE OR 97402
Thomas Thurston	director	909 MONTGOMERY STREET, 3RD FLOOR, SAN FRANCISCO CA 94133