NOVONIX (ASX:NVX) Long-Term Capital Lease Obligation : A$6.69 Mil (As of Dec. 2023)

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What is NOVONIX Long-Term Capital Lease Obligation?

NOVONIX's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.69 Mil.

NOVONIX's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (A$6.91 Mil) to Sep. 2023 (A$0.00 Mil) but then increased from Sep. 2023 (A$0.00 Mil) to Dec. 2023 (A$6.69 Mil).

NOVONIX's annual Long-Term Capital Lease Obligation increased from Jun. 2021 (A$6.99 Mil) to Jun. 2022 (A$7.13 Mil) but then declined from Jun. 2022 (A$7.13 Mil) to Dec. 2023 (A$6.69 Mil).

NOVONIX Long-Term Capital Lease Obligation Historical Data

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

NOVONIX Annual Data

Trend

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Long-Term Capital Lease Obligation

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2.77

6.99

7.13

6.69

NOVONIX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	6.91	-	6.69	-

NOVONIX (ASX:NVX) 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.

NOVONIX Long-Term Capital Lease Obligation Related Terms

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NOVONIX (ASX:NVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NOVONIX Ltd (ASX:NVX) » Definitions » Long-Term Capital Lease Obligation

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NVX:USA NVNXF:USA GC3:Germany

Address

71 Eagle Street, Level 38, Brisbane, QLD, AUS, 4000

Website

https://www.novonixgroup.com

NOVONIX Ltd operates in the lithium-ion battery industry. The company has three operating segments namely Graphite Exploration and Mining, Battery Technology, and NOVONIX Anode Materials. Graphite Exploration and Mining segment is engaged in the exploration and development of high-grade flake graphite deposit. TheNOVONIX Anode Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment and carried out research and development in battery development. The Battery Technology segment is the major revenue contributor to the company.