NEO Battery Materials (FRA:1BC) Long-Term Capital Lease Obligation : €0.01 Mil (As of Nov. 2023)

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What is NEO Battery Materials Long-Term Capital Lease Obligation?

NEO Battery Materials's Long-Term Capital Lease Obligation for the quarter that ended in Nov. 2023 was €0.01 Mil.

NEO Battery Materials's quarterly Long-Term Capital Lease Obligation increased from May. 2023 (€0.00 Mil) to Aug. 2023 (€0.02 Mil) but then declined from Aug. 2023 (€0.02 Mil) to Nov. 2023 (€0.01 Mil).

NEO Battery Materials's annual Long-Term Capital Lease Obligation declined from Feb. 2021 (€0.01 Mil) to Feb. 2022 (€0.00 Mil) but then stayed the same from Feb. 2022 (€0.00 Mil) to Feb. 2023 (€0.00 Mil).

NEO Battery Materials Long-Term Capital Lease Obligation Historical Data

The historical data trend for NEO Battery Materials'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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NEO Battery Materials Long-Term Capital Lease Obligation Chart

NEO Battery Materials Annual Data

Trend

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Feb23

Long-Term Capital Lease Obligation

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0.06

0.01

NEO Battery Materials Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.02	0.01

NEO Battery Materials (FRA:1BC) 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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NEO Battery Materials (FRA:1BC) Business Description

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NBMFF:USA NBM:Canada

Address

4711 Younge Street, 10th Floor, Toronto, ON, CAN, M2N 6K8

Website

https://www.neobatterymaterials.com

NEO Battery Materials Ltd is a junior resource company focused on battery metals exploration in North America. It currently has an interest in Golden, British Columbia, along with a strike with a quartzite bed. The company explores and produces silicon and provides improvements in capacity and efficiency over lithium-ion batteries using silicon and graphite in their anode materials. It intends to become an integrated silicon producer and anode materials supplier to the electric vehicle industry.

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