Loop Energy (TSX:LPEN) Long-Term Capital Lease Obligation : C$2.24 Mil (As of Dec. 2023)

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What is Loop Energy Long-Term Capital Lease Obligation?

Loop Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.24 Mil.

Loop Energy's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$3.09 Mil) to Sep. 2023 (C$2.41 Mil) and declined from Sep. 2023 (C$2.41 Mil) to Dec. 2023 (C$2.24 Mil).

Loop Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$1.35 Mil) to Dec. 2022 (C$2.76 Mil) but then declined from Dec. 2022 (C$2.76 Mil) to Dec. 2023 (C$2.24 Mil).

Loop Energy Long-Term Capital Lease Obligation Historical Data

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

Loop Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.40

0.29

1.35

2.76

2.24

Loop Energy Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.76	2.57	3.09	2.41	2.24

Loop Energy (TSX:LPEN) 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.

Loop Energy Long-Term Capital Lease Obligation Related Terms

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Loop Energy (TSX:LPEN) Business Description

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LPENF:USA

Address

2880 Production Way, Burnaby, BC, CAN, V5A 4T6

Website

https://www.loopenergy.com

Loop Energy Inc is a developer, manufacturer, and supplier of hydrogen fuel cells to vehicle and power generation system manufacturers. It sells and services two categories of products: fuel cell stacks and fuel cell modules, which serve a variety of commercial applications including light commercial vehicles, transit buses, medium and heavy-duty trucks, marine, train, mining trucks, material handling vehicles, and stationary power.

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