Hillcrest Energy Technologies (STU:7HI) Long-Term Capital Lease Obligation : €0.14 Mil (As of Dec. 2023)

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What is Hillcrest Energy Technologies Long-Term Capital Lease Obligation?

Hillcrest Energy Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.14 Mil.

Hillcrest Energy Technologies's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 (€0.02 Mil) to Sep. 2023 (€0.01 Mil) but then increased from Sep. 2023 (€0.01 Mil) to Dec. 2023 (€0.14 Mil).

Hillcrest Energy Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (€0.08 Mil) to Dec. 2022 (€0.02 Mil) but then increased from Dec. 2022 (€0.02 Mil) to Dec. 2023 (€0.14 Mil).

Hillcrest Energy Technologies Long-Term Capital Lease Obligation Historical Data

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

Hillcrest Energy Technologies Annual Data

Trend

Dec14

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Dec23

Long-Term Capital Lease Obligation

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0.05

0.08

0.02

0.14

Hillcrest Energy Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.04	0.02	0.02	0.01	0.14

Hillcrest Energy Technologies (STU:7HI) 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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Hillcrest Energy Technologies (STU:7HI) Business Description

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HLRTF:USA 7HI:Germany HEAT:Canada

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.hillcrestenergy.tech

Hillcrest Energy Technologies Ltd is a clean technology company focused on providing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.

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