Ocean Power Technologies (STU:RUOB) Long-Term Capital Lease Obligation : €1.90 Mil (As of Jan. 2024)

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What is Ocean Power Technologies Long-Term Capital Lease Obligation?

Ocean Power Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was €1.90 Mil.

Ocean Power Technologies's quarterly Long-Term Capital Lease Obligation declined from Jul. 2023 (€1.06 Mil) to Oct. 2023 (€1.00 Mil) but then increased from Oct. 2023 (€1.00 Mil) to Jan. 2024 (€1.90 Mil).

Ocean Power Technologies's annual Long-Term Capital Lease Obligation declined from Apr. 2021 (€0.69 Mil) to Apr. 2022 (€0.50 Mil) but then increased from Apr. 2022 (€0.50 Mil) to Apr. 2023 (€1.20 Mil).

Ocean Power Technologies Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ocean Power 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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Ocean Power Technologies Long-Term Capital Lease Obligation Chart

Ocean Power Technologies Annual Data

Trend

Apr14

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Apr23

Long-Term Capital Lease Obligation

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0.99

0.69

0.50

1.20

Ocean Power Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.26	1.20	1.06	1.00	1.90

Ocean Power Technologies (STU:RUOB) 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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Ocean Power Technologies (STU:RUOB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean Power Technologies Inc (STU:RUOB) » Definitions » Long-Term Capital Lease Obligation

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OPTT:USA

Address

28 Engelhard Drive, Suite B, Monroe Township, NJ, USA, 08831

Website

https://www.oceanpowertechnologies.com

Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

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