REE (REE Automotive) Long-Term Capital Lease Obligation : $13.28 Mil (As of Dec. 2024)

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What is REE Automotive Long-Term Capital Lease Obligation?

REE Automotive's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $13.28 Mil.

REE Automotive's quarterly Long-Term Capital Lease Obligation declined from Jun. 2024 ($14.07 Mil) to Sep. 2024 ($13.53 Mil) and declined from Sep. 2024 ($13.53 Mil) to Dec. 2024 ($13.28 Mil).

REE Automotive's annual Long-Term Capital Lease Obligation declined from Dec. 2022 ($18.62 Mil) to Dec. 2023 ($16.44 Mil) and declined from Dec. 2023 ($16.44 Mil) to Dec. 2024 ($13.28 Mil).

REE Automotive Long-Term Capital Lease Obligation Historical Data

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

REE Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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18.62

16.44

13.28

REE Automotive Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial														16.44	15.66	14.07	13.53	13.28

REE Automotive (NAS:REE) 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.

REE Automotive Long-Term Capital Lease Obligation Related Terms

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REE Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » REE Automotive Ltd (NAS:REE) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Glil-Yam, Herzliya, ISR, 4690500

Website

https://www.ree.auto

REE Automotive Ltd is an automotive technology company focused on building commercial electric vehicles controlled fully by-wire. The company is in early stages of commercialization and develop and produce software-defined vehicle (SDV) technology that manages vehicle operations and features through proprietarily-developed software. The company has geographical preference in Israel, Germany, United States, United Kingdom, and other regions.

Executives

David Weisburd	other: Member of Sponsor	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Hans Thomas	director	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007