Polestar Automotive Holding UK (Polestar Automotive Holding UK) Long-Term Capital Lease Obligation : $75 Mil (As of Sep. 2023)

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What is Polestar Automotive Holding UK Long-Term Capital Lease Obligation?

Polestar Automotive Holding UK's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $75 Mil.

Polestar Automotive Holding UK's quarterly Long-Term Capital Lease Obligation increased from Mar. 2023 ($0 Mil) to Jun. 2023 ($76 Mil) but then declined from Jun. 2023 ($76 Mil) to Sep. 2023 ($75 Mil).

Polestar Automotive Holding UK's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($62 Mil) to Dec. 2021 ($67 Mil) and increased from Dec. 2021 ($67 Mil) to Dec. 2022 ($86 Mil).

Polestar Automotive Holding UK Long-Term Capital Lease Obligation Historical Data

The historical data trend for Polestar Automotive Holding UK'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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Polestar Automotive Holding UK Long-Term Capital Lease Obligation Chart

Polestar Automotive Holding UK Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

61.84

66.58

85.56

Polestar Automotive Holding UK Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							61.99	85.56	-	75.79	74.53

Polestar Automotive Holding UK (NAS:PSNY) 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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Polestar Automotive Holding UK (Polestar Automotive Holding UK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polestar Automotive Holding UK PLC (NAS:PSNY) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

PSNYW:USA A4N1:Germany

Address

Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31

Website

https://www.polestar.com

Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.