Audax Renovables (LTS:0EIB) Long-Term Capital Lease Obligation : €19 Mil (As of Dec. 2023)

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What is Audax Renovables Long-Term Capital Lease Obligation?

Audax Renovables's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €19 Mil.

Audax Renovables's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (€19 Mil) to Jun. 2023 (€0 Mil) but then increased from Jun. 2023 (€0 Mil) to Dec. 2023 (€19 Mil).

Audax Renovables's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€15 Mil) to Dec. 2022 (€19 Mil) and increased from Dec. 2022 (€19 Mil) to Dec. 2023 (€19 Mil).

Audax Renovables Long-Term Capital Lease Obligation Historical Data

The historical data trend for Audax Renovables'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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Audax Renovables Long-Term Capital Lease Obligation Chart

Audax Renovables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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8.27

7.80

15.33

19.21

19.32

Audax Renovables Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															16.00	-	19.21	-	19.32

Audax Renovables (LTS:0EIB) 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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Audax Renovables (LTS:0EIB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Audax Renovables SA (LTS:0EIB) » Definitions » Long-Term Capital Lease Obligation

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ADX:Spain 54F:Germany

Address

Calle Electrónica 19, Badalona, Barcelona, ESP, 08911

Website

https://www.audaxrenovables.com

Audax Renovables SA is engaged in the development of renewable energy for generating electricity. The company is mainly focused on developing wind energy. The group's projects are located in Spain, France, Panama, Germany, and Poland. The majority of the revenue is generated from Spain and Portugal.

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