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REE Automotive (REE Automotive) Long-Term Capital Lease Obligation : $16.44 Mil (As of Dec. 2023)


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What is REE Automotive Long-Term Capital Lease Obligation?

REE Automotive's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $16.44 Mil.

REE Automotive's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($17.68 Mil) to Sep. 2023 ($16.66 Mil) and declined from Sep. 2023 ($16.66 Mil) to Dec. 2023 ($16.44 Mil).

REE Automotive's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($18.62 Mil) but then declined from Dec. 2022 ($18.62 Mil) to Dec. 2023 ($16.44 Mil).


REE Automotive Long-Term Capital Lease Obligation Historical Data

The historical data trend for REE Automotive'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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REE Automotive Long-Term Capital Lease Obligation Chart

REE Automotive Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
- - - 18.62 16.44

REE Automotive Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.79 18.62 17.68 16.66 16.44

REE Automotive  (NAS:REE) 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.

REE Automotive Long-Term Capital Lease Obligation Related Terms

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REE Automotive (REE Automotive) Business Description

Traded in Other Exchanges
N/A
Address
Kibbutz Glil-Yam, Herzliya, ISR, 4690500
REE Automotive Ltd is a technology company whose mission is to be the cornerstone for zero-emission electric and autonomous vehicles. Company aims to empower the companies, such as original equipment manufacturers, or OEMs, delivery and logistics fleets, dealers, e-commerce retailers, new mobility players, Mobility-as-a-Service providers and autonomous drive companies, in the build-out of any size or shape of electric or autonomous vehicle - from Class 1 through Class 6, focusing primarily on Class 3 through 5 platform models on the P7 EV platform. Geographical preference in Israel, Germany, Norway, U.S, and Rest of the world.
Executives
David Weisburd other: Member of Sponsor 1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Hans Thomas director 1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007