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GE Vernova (GE Vernova) Long-Term Capital Lease Obligation : $0 Mil (As of Mar. 2024)


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What is GE Vernova Long-Term Capital Lease Obligation?

GE Vernova's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.

GE Vernova's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0 Mil) to Dec. 2022 ($488 Mil) but then declined from Dec. 2022 ($488 Mil) to Dec. 2023 ($0 Mil).

GE Vernova Long-Term Capital Lease Obligation Historical Data

The historical data trend for GE Vernova'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.

* Premium members only.

GE Vernova Long-Term Capital Lease Obligation Chart

GE Vernova Annual Data
Trend Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- 488.00 -

GE Vernova Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Long-Term Capital Lease Obligation - 488.00 - - -

GE Vernova  (NYSE:GEV) 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.

GE Vernova Long-Term Capital Lease Obligation Related Terms

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GE Vernova (GE Vernova) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GE Vernova Inc (NYSE:GEV) » Definitions » Long-Term Capital Lease Obligation
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Y5C:Germany
Address
58 Charles Street, Cambridge, MA, USA
Website
https://www.gevernova.com
GE Vernova operates through its subsidiaries is a purpose-built global energy company spanning the power, wind and electrification segments, supported by advanced research, consulting and financial services accelerators. It helps customers improve energy efficiency and deliver electricity that is critical to improving health, safety and quality of life.

GE Vernova (GE Vernova) Headlines

From GuruFocus

GE Vernova to Announce First Quarter 2024 Financial Results on April 25

By Business Wire • 04-18-2024