Avanti Energy (FRA:3AYP) Long-Term Capital Lease Obligation : €0.16 Mil (As of Dec. 2023)

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What is Avanti Energy Long-Term Capital Lease Obligation?

Avanti Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.16 Mil.

Avanti Energy's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 (€0.10 Mil) to Sep. 2023 (€0.11 Mil) and increased from Sep. 2023 (€0.11 Mil) to Dec. 2023 (€0.16 Mil).

Avanti Energy's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.00 Mil) to Dec. 2022 (€0.00 Mil) but then increased from Dec. 2022 (€0.00 Mil) to Dec. 2023 (€0.16 Mil).

Avanti Energy Long-Term Capital Lease Obligation Historical Data

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

Avanti Energy Annual Data

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Long-Term Capital Lease Obligation

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0.16

Avanti Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.10	0.11	0.16

Avanti Energy (FRA:3AYP) 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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Avanti Energy (FRA:3AYP) Business Description

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ARGYF:USA AVN:Canada

Address

208A - 980 West 1st Street, North Vancouver, BC, CAN, V7P 3N4

Website

https://www.avantihelium.com

Avanti Helium Corp is principally focused on the exploration, development, and production of helium across Western Canada and the United States.

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