Eos Energy Enterprises (Eos Energy Enterprises) Long-Term Capital Lease Obligation : $2.92 Mil (As of Mar. 2024)

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What is Eos Energy Enterprises Long-Term Capital Lease Obligation?

Eos Energy Enterprises's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.92 Mil.

Eos Energy Enterprises's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($3.47 Mil) to Dec. 2023 ($3.35 Mil) and declined from Dec. 2023 ($3.35 Mil) to Mar. 2024 ($2.92 Mil).

Eos Energy Enterprises's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($3.22 Mil) to Dec. 2022 ($4.13 Mil) but then declined from Dec. 2022 ($4.13 Mil) to Dec. 2023 ($3.35 Mil).

Eos Energy Enterprises Long-Term Capital Lease Obligation Historical Data

The historical data trend for Eos Energy Enterprises'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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Eos Energy Enterprises Long-Term Capital Lease Obligation Chart

Eos Energy Enterprises Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.02

3.22

4.13

3.35

Eos Energy Enterprises Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													3.83	3.81	3.47	3.35	2.92

Eos Energy Enterprises (NAS:EOSEW) 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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Eos Energy Enterprises (Eos Energy Enterprises) Business Description

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EOSE:USA

Address

3920 Park Avenue, Edison, NJ, USA, 08820

Website

https://www.eose.com

Eos Energy Enterprises Inc designs develop, manufactures, and markets innovative zinc-based energy storage solutions for utility-scale, microgrid, and commercial & industrial (C&I) applications. The solutions are used in the utility sector, the renewable energy sector, and the industrial sector. It's flagship product Eos Znyth is a stationary battery energy storage system.