Oklo (OKLO) Long-Term Capital Lease Obligation : $0.67 Mil (As of Sep. 2024)

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What is Oklo Long-Term Capital Lease Obligation?

Oklo's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.67 Mil.

Oklo's quarterly Long-Term Capital Lease Obligation stayed the same from Mar. 2024 ($0.00 Mil) to Jun. 2024 ($0.00 Mil) but then increased from Jun. 2024 ($0.00 Mil) to Sep. 2024 ($0.67 Mil).

Oklo's annual Long-Term Capital Lease Obligation increased from . 20 ($0.00 Mil) to Dec. 2021 ($0.30 Mil) but then declined from Dec. 2021 ($0.30 Mil) to Dec. 2022 ($0.09 Mil).

Oklo Long-Term Capital Lease Obligation Historical Data

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

Oklo Annual Data

Trend

Dec21

Dec22

Long-Term Capital Lease Obligation

0.30

0.09

Oklo Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial			-	-	-	-	0.67

Oklo (NYSE:OKLO) 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.

Oklo Long-Term Capital Lease Obligation Related Terms

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Oklo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Oklo Inc (NYSE:OKLO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

3190 Coronado Drive, Santa Clara, CA, USA, 95054

Website

https://www.oklo.com

Oklo Inc is developing advanced fission power plants to provide clean, reliable, and affordable energy at scale. It is pursuing two complementary tracks to address this demand: providing reliable, commercial-scale energy to customers; and selling used nuclear fuel recycling services to the U.S. market. The Company plans to commercialize its liquid metal fast reactor technology with the Aurora powerhouse product line. The first commercial Aurora powerhouse is designed to produce up to 15 megawatts of electricity (MWe) on both recycled nuclear fuel and fresh fuel.