Nuvve Holding (Nuvve Holding) Long-Term Capital Lease Obligation : $4.53 Mil (As of Mar. 2024)

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What is Nuvve Holding Long-Term Capital Lease Obligation?

Nuvve Holding's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.53 Mil.

Nuvve Holding's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($4.75 Mil) to Dec. 2023 ($4.65 Mil) and declined from Dec. 2023 ($4.65 Mil) to Mar. 2024 ($4.53 Mil).

Nuvve Holding's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($3.44 Mil) to Dec. 2022 ($5.09 Mil) but then declined from Dec. 2022 ($5.09 Mil) to Dec. 2023 ($4.65 Mil).

Nuvve Holding Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nuvve Holding'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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Nuvve Holding Long-Term Capital Lease Obligation Chart

Nuvve Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

3.44

5.09

4.65

Nuvve Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												4.98	4.87	4.75	4.65	4.53

Nuvve Holding (NAS:NVVEW) 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.

Nuvve Holding Long-Term Capital Lease Obligation Related Terms

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Nuvve Holding (Nuvve Holding) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nuvve Holding Corp (NAS:NVVEW) » Definitions » Long-Term Capital Lease Obligation

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NVVE:USA

Address

2488 Historic Decatur Road, Suite 200, San Diego, CA, USA, 92106

Website

https://www.nuvve.com

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions.