SUNE (SUNation Energy) Long-Term Capital Lease Obligation : $3.56 Mil (As of Sep. 2024)

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What is SUNation Energy Long-Term Capital Lease Obligation?

SUNation Energy's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $3.56 Mil.

SUNation Energy's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($4.09 Mil) to Jun. 2024 ($3.98 Mil) and declined from Jun. 2024 ($3.98 Mil) to Sep. 2024 ($3.56 Mil).

SUNation Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($3.96 Mil) and increased from Dec. 2022 ($3.96 Mil) to Dec. 2023 ($4.19 Mil).

SUNation Energy Long-Term Capital Lease Obligation Historical Data

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

SUNation Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

3.96

4.19

SUNation Energy Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial										4.30	4.19	4.09	3.98	3.56

SUNation Energy (NAS:SUNE) 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.

SUNation Energy Long-Term Capital Lease Obligation Related Terms

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SUNation Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SUNation Energy Inc (NAS:SUNE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

10900 Red Circle Drive, Minnetonka, MN, USA, 55343

Website

https://www.pineappleenergy.com

SUNation Energy Inc formerly Pineapple Energy Inc provides households with sustainable solar energy, back-up power and security, control and predictability, and cost savings. The company provides a full range of installation services, including the design, engineering, procurement, permitting, construction, grid connection, warranty, monitoring and maintenance of residential solar energy systems. It also offers battery storage to customers in select markets and serves a limited number of enterprise customers.

Executives

Eric Ingvaldson	officer: CHIEF FINANCIAL OFFICER	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Tom Holland	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Roger Hd Lacey	director	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Scott Maskin	director	40 GRASSMERE AVENUE, OAKDALE NY 11769
Randall D Sampson	director	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Scott Honour	director	10877 WILSHIRE BOULEVARD, 18TH FLOOR, LOS ANGELES CA 90024
Northern Pacific Growth Investment Advisors, Llc	10 percent owner	315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Michael R. Zapata	director	2765 NW NICOLAI STREET, PORTLAND OR 97210
Kyle Udseth	director, officer: CHIEF EXECUTIVE OFFICER	NORTHERN PACIFIC GROUP, 315 EAST LAKE STREET, SUITE 301, WAYZATA MN 55391
Marilyn S. Adler	director	315 LAKE STREET EAST, SUITE 301, WAYZATA MN 55391
Mike Siegler	officer: Senior Vice President	10900 RED CIRCLE DR., MINNETONKA MN 55343
Anita Kumar	director, officer: President/CEO	10900 RED CIRCLE DRIVE, MINNETONKA MN 55343
Steven Webster	director	4901 ARDEN AVE., EDINA MN 55424
Richard A Primuth	director
Scott Fluegge	officer: VP	12946 66TH ST N, WEST PALM BEACH FL 33412