Enefit Green AS (OTSE:EGR1T) Long-Term Capital Lease Obligation : €9.2 Mil (As of Jun. 2024)

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What is Enefit Green AS Long-Term Capital Lease Obligation?

Enefit Green AS's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2024 was €9.2 Mil.

Enefit Green AS's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (€9.1 Mil) to Mar. 2024 (€0.0 Mil) but then increased from Mar. 2024 (€0.0 Mil) to Jun. 2024 (€9.2 Mil).

Enefit Green AS's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (€2.8 Mil) to Dec. 2022 (€4.2 Mil) and increased from Dec. 2022 (€4.2 Mil) to Dec. 2023 (€9.1 Mil).

Enefit Green AS Long-Term Capital Lease Obligation Historical Data

The historical data trend for Enefit Green AS'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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Enefit Green AS Long-Term Capital Lease Obligation Chart

Enefit Green AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2.65

2.05

2.84

4.18

9.10

Enefit Green AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														4.65	4.66	9.10	-	9.20

Enefit Green AS (OTSE:EGR1T) 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.

Enefit Green AS Long-Term Capital Lease Obligation Related Terms

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Enefit Green AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enefit Green AS (OTSE:EGR1T) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

I6B:Germany

Address

Lelle tn 22, Tallinn, EST, 11318

Website

https://www.enefitgreen.ee

Enefit Green AS is a renewable energy producer in the Baltic Sea region. The company produces electricity from wind, as well as municipal waste, biomass, solar and hydroelectric sources in Estonia, Latvia, Lithuania, and Poland. The segments of the company are Wind energy segment which comprises all of the company's wind farms and generates key revenue for the firm; Cogeneration segment comprises all of the company's cogeneration plants and the pellet factory and Solar energy segment comprises all of the company's solar farms.

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