ACT Energy Technologies (TSX:ACX) Long-Term Capital Lease Obligation : C$17.8 Mil (As of Mar. 2025)

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

ACT Energy Technologies's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was C$17.8 Mil.

ACT Energy Technologies's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (C$10.2 Mil) to Dec. 2024 (C$16.0 Mil) and increased from Dec. 2024 (C$16.0 Mil) to Mar. 2025 (C$17.8 Mil).

ACT Energy Technologies's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (C$14.2 Mil) to Dec. 2023 (C$12.3 Mil) but then increased from Dec. 2023 (C$12.3 Mil) to Dec. 2024 (C$16.0 Mil).

ACT Energy Technologies Long-Term Capital Lease Obligation Historical Data

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

ACT Energy Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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15.78

13.63

14.25

12.32

16.04

ACT Energy Technologies Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															11.89	10.98	10.22	16.04	17.81

ACT Energy Technologies (TSX:ACX) 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.

ACT Energy Technologies Long-Term Capital Lease Obligation Related Terms

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ACT Energy Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ACT Energy Technologies Ltd (TSX:ACX) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

CETEF:USA

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.actenergy.com

ACT Energy Technologies Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Company has two operating segments based on its geographic operating locations of Canada and U.S. and a non-operating segment, for joint corporate costs (Corporate services).

Executives

Roderick Donald Maxwell	Director, Senior Officer
Ian Stephen Brown	Director
Lee Harns	Senior Officer
Peter Scott Macfarlane	Senior Officer
Thomas Joseph Connors	Director, Senior Officer
Fawzi Irani	Senior Officer
Axel Schmidt	Senior Officer
James R. Boyles	Director

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