UGE International (TSXV:UGE) Long-Term Capital Lease Obligation : C$36.45 Mil (As of Sep. 2023)

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What is UGE International Long-Term Capital Lease Obligation?

UGE International's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$36.45 Mil.

UGE International's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (C$28.68 Mil) to Mar. 2023 (C$31.84 Mil) and increased from Mar. 2023 (C$31.84 Mil) to Sep. 2023 (C$36.45 Mil).

UGE International's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (C$1.95 Mil) to Dec. 2021 (C$15.55 Mil) and increased from Dec. 2021 (C$15.55 Mil) to Dec. 2022 (C$28.68 Mil).

UGE International Long-Term Capital Lease Obligation Historical Data

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

UGE International Annual Data

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Long-Term Capital Lease Obligation

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0.01

1.95

15.55

28.68

UGE International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															24.02	26.37	28.68	31.84	36.45

UGE International (TSXV:UGE) 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.

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UGE International (TSXV:UGE) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » UGE International Ltd (TSXV:UGE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

UGEIF:USA 0UG1:Germany

Address

56 Temperance Street, 7th Floor, Toronto, ON, CAN

Website

https://www.ugei.com

UGE International Ltd is a turnkey commercial solar company, developing, building, and financing solar projects. UGE has over 600 projects and operates in three core markets: the US, Canada, and the Philippines. The company provides a complete turnkey approach, taking projects from conception all the way through to financing and operation, capturing greater margins and recurring revenue for shareholders, while delivering a superior experience to its clientele. It operates in one operating segment: Renewable energy solutions..