Next e GO NV (Next e GO NV) Long-Term Capital Lease Obligation : $15.86 Mil (As of Jun. 2023)

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What is Next e GO NV Long-Term Capital Lease Obligation?

Next e GO NV's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $15.86 Mil.

Next e GO NV's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($16.20 Mil) to Dec. 2022 ($16.80 Mil) but then declined from Dec. 2022 ($16.80 Mil) to Jun. 2023 ($15.86 Mil).

Next e GO NV's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2021 ($18.66 Mil) but then declined from Dec. 2021 ($18.66 Mil) to Dec. 2022 ($16.80 Mil).

Next e GO NV Long-Term Capital Lease Obligation Historical Data

The historical data trend for Next e GO NV'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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Next e GO NV Long-Term Capital Lease Obligation Chart

Next e GO NV Annual Data

Trend

Dec21

Dec22

Long-Term Capital Lease Obligation

18.66

16.80

Next e GO NV Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23
Long-Term Capital Lease Obligation	18.66	-	16.20	16.80	15.86

Next e GO NV (OTCPK:EGOXF) 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.

Next e GO NV Long-Term Capital Lease Obligation Related Terms

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Next e GO NV (Next e GO NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Next e GO NV (OTCPK:EGOXF) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Next.e.GO Mobile SE, Lilienthalstraße 1, Aachen, DEU, 52068

Website

https://www.e-go-mobile.com

Next e GO NV designs and manufactures battery electric vehicles for the urban environment, with focus on convenience, reliability and affordability. It has developed a disruptive solution for producing its electric vehicles using proprietary technologies and low cost MicroFactories.

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