Alternus Energy Group (OSL:ALT) Long-Term Capital Lease Obligation : kr93.4 Mil (As of Sep. 2023)

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What is Alternus Energy Group Long-Term Capital Lease Obligation?

Alternus Energy Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr93.4 Mil.

Alternus Energy Group's quarterly Long-Term Capital Lease Obligation increased from Dec. 2022 (kr64.6 Mil) to Jun. 2023 (kr99.2 Mil) but then declined from Jun. 2023 (kr99.2 Mil) to Sep. 2023 (kr93.4 Mil).

Alternus Energy Group's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (kr24.3 Mil) to Dec. 2021 (kr34.2 Mil) and increased from Dec. 2021 (kr34.2 Mil) to Dec. 2022 (kr64.6 Mil).

Alternus Energy Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alternus Energy Group'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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Alternus Energy Group Long-Term Capital Lease Obligation Chart

Alternus Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

8.90

8.34

24.29

34.25

64.59

Alternus Energy Group Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										60.87	66.47	64.59	99.22	93.41

Alternus Energy Group (OSL:ALT) 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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Alternus Energy Group (OSL:ALT) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Energy Group PLC (OSL:ALT) » Definitions » Long-Term Capital Lease Obligation

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ALTNF:USA

Address

Blanchardstown Corporate Park 2, Suite 9-10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Energy Group PLC is an independent power producer of green energy. It develops, owns, and operates Utility-Scale Solar projects across Europe. The company's solar PV parks produce clean green energy and replace polluting greenhouse gas-emitting and fossil fuel-based energy. Its current portfolio consists of renewable energy facilities that are generally contracted under long-term Country Renewable Programs (FIT programs) or Energy Offtake Agreements (PPAs/VPPAs) with creditworthy counterparties.