Altus Power (FRA:8770) Long-Term Capital Lease Obligation : €187.1 Mil (As of Dec. 2024)

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What is Altus Power Long-Term Capital Lease Obligation?

Altus Power's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was €187.1 Mil.

Altus Power's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 (€174.6 Mil) to Sep. 2024 (€170.8 Mil) but then increased from Sep. 2024 (€170.8 Mil) to Dec. 2024 (€187.1 Mil).

Altus Power's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (€89.5 Mil) to Dec. 2023 (€165.7 Mil) and increased from Dec. 2023 (€165.7 Mil) to Dec. 2024 (€187.1 Mil).

Altus Power Long-Term Capital Lease Obligation Historical Data

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

Altus Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

89.51

165.70

187.06

Altus Power Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												165.70	174.01	174.55	170.83	187.06

Altus Power (FRA:8770) 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.

Altus Power Long-Term Capital Lease Obligation Related Terms

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Altus Power Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altus Power Inc (FRA:8770) » Definitions » Long-Term Capital Lease Obligation

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Address

2200 Atlantic Street, 6th Floor, Stamford, CT, USA, 06902

Website

https://www.altuspower.com

Altus Power Inc is a developer, owner, and operator of large-scale photovoltaic and energy storage systems across the United States. The company serves commercial, industrial, public sector, and community solar customers. Its mission is to drive the clean energy transition by developing and operating solar generation and energy storage facilities. It owns a diverse portfolio of solar PV systems and has long-term agreements with enterprise entities and residential customers. Its primary product offerings include leases and revenue contracts for solar power generation, alongside electric vehicle charging and energy storage solutions. Revenue streams include power purchase agreements, net metering credit agreements, and SREC revenue.

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