NanoXplore (TSX:GRA) Long-Term Capital Lease Obligation : C$8.4 Mil (As of Mar. 2024)

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What is NanoXplore Long-Term Capital Lease Obligation?

NanoXplore's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$8.4 Mil.

NanoXplore's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$11.8 Mil) to Dec. 2023 (C$10.0 Mil) and declined from Dec. 2023 (C$10.0 Mil) to Mar. 2024 (C$8.4 Mil).

NanoXplore's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (C$7.9 Mil) to Jun. 2022 (C$12.7 Mil) but then declined from Jun. 2022 (C$12.7 Mil) to Jun. 2023 (C$12.4 Mil).

NanoXplore Long-Term Capital Lease Obligation Historical Data

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

NanoXplore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Long-Term Capital Lease Obligation

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9.30

7.95

12.74

12.41

NanoXplore Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															13.00	12.41	11.79	10.02	8.36

NanoXplore (TSX:GRA) 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.

NanoXplore Long-Term Capital Lease Obligation Related Terms

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NanoXplore (TSX:GRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NanoXplore Inc (TSX:GRA) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NNXPF:USA N13:Germany

Address

4500 Thimens Boulevard, Montreal, QC, CAN, H4R 2P2

Website

https://www.nanoxplore.ca

NanoXplore Inc is a graphene company, manufacturer, and supplier of high-volume graphene powder for use in industrial markets. The company provides graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Geographically, it generates a majority of revenue from the United States.

Executives

Pedro Azevedo Azevedo

Senior Officer