Montana Technologies (Montana Technologies) Long-Term Capital Lease Obligation : $0.15 Mil (As of Mar. 2024)

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What is Montana Technologies Long-Term Capital Lease Obligation?

Montana Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.15 Mil.

Montana Technologies's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($0.03 Mil) to Dec. 2023 ($0.03 Mil) but then increased from Dec. 2023 ($0.03 Mil) to Mar. 2024 ($0.15 Mil).

Montana Technologies's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.05 Mil) but then declined from Dec. 2022 ($0.05 Mil) to Dec. 2023 ($0.03 Mil).

Montana Technologies Long-Term Capital Lease Obligation Historical Data

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

Montana Technologies Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.05

0.03

Montana Technologies Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			0.05	-	0.03	0.03	0.15

Montana Technologies (NAS:AIRJ) 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.

Montana Technologies Long-Term Capital Lease Obligation Related Terms

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Montana Technologies (Montana Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Montana Technologies Corp (NAS:AIRJ) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

34361 Innovation Drive, Ronan, MT, USA, 59864

Website

https://www.mt.energy

Montana Technologies Corp is engaged in transformational technology that provides significant energy efficiency gains in air conditioning and comfort cooling applications, as well as a potential source of potable water, all through its proprietary "AirJoule" unit.

Montana Technologies (Montana Technologies) Headlines

From GuruFocus

Montana Technologies Corp. Announces Addition to Board of Directors and Names Chairman

By PRNewswire • 05-01-2024