Altech Batteries (ASX:ATC) Long-Term Capital Lease Obligation : A$0.00 Mil (As of Dec. 2023)

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What is Altech Batteries Long-Term Capital Lease Obligation?

Altech Batteries's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil.

Altech Batteries's annual Long-Term Capital Lease Obligation declined from Jun. 2021 (A$0.05 Mil) to Jun. 2022 (A$0.04 Mil) and declined from Jun. 2022 (A$0.04 Mil) to Jun. 2023 (A$0.00 Mil).

Altech Batteries Long-Term Capital Lease Obligation Historical Data

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

Altech Batteries Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Long-Term Capital Lease Obligation

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0.05

0.04

0.06

Altech Batteries Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.04	-	-	-	0.06

Altech Batteries (ASX:ATC) 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.

Altech Batteries Long-Term Capital Lease Obligation Related Terms

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Altech Batteries Business Description

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Traded in Other Exchanges

ALTHF:USA A3Y:Germany

Address

295 Rokeby Road, Suite 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.altechgroup.com

Altech Batteries Ltd is a specialty battery technology company. It is engaged in commercializing the CERENERGY Sodium Chloride Solid State (SCSS) Battery project planned for the grid storage battery market, as well as its patented Silumina Anodes battery materials coating technology, which aims to increase the capacity of lithium-ion batteries by including high-purity alumina coated silicon and graphite in the anode of the battery. The company operates four reportable segments, being the development of Silumina Anodes, CERENERGY, High Purity Alumina (HPA), and Corporate which derives maximum revenue. Geographically, a majority of its revenue is derived from Australia, and the company also has a presence in Germany and Malaysia.