AKCCF (Aker Carbon Capture ASA) Long-Term Capital Lease Obligation : $0.0 Mil (As of Jun. 2024)

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What is Aker Carbon Capture ASA Long-Term Capital Lease Obligation?

Aker Carbon Capture ASA's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.0 Mil.

Aker Carbon Capture ASA's quarterly Long-Term Capital Lease Obligation increased from Dec. 2023 ($3.5 Mil) to Mar. 2024 ($3.5 Mil) but then declined from Mar. 2024 ($3.5 Mil) to Jun. 2024 ($0.0 Mil).

Aker Carbon Capture ASA's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($0.7 Mil) to Dec. 2022 ($0.0 Mil) but then increased from Dec. 2022 ($0.0 Mil) to Dec. 2023 ($3.5 Mil).

Aker Carbon Capture ASA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Aker Carbon Capture ASA'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.

* Premium members only.

Aker Carbon Capture ASA Long-Term Capital Lease Obligation Chart

Aker Carbon Capture ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

1.07

0.68

3.49

Aker Carbon Capture ASA Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial											-	-	3.49	3.52	-

Aker Carbon Capture ASA (OTCPK:AKCCF) 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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Aker Carbon Capture ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aker Carbon Capture ASA (OTCPK:AKCCF) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

ACCo:Sweden ACC:Norway ACCo:UK 0ZCB:UK 606:Germany 606:Bulgaria

Address

John Strandrudsvei No 10-12, Lysaker, Lysaker, NOR, 1366

Website

https://www.akercarboncapture.com

Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR), and Storage Practice.