RE Royalties (TSXV:RE) Long-Term Capital Lease Obligation : C$0.04 Mil (As of Sep. 2023)

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What is RE Royalties Long-Term Capital Lease Obligation?

RE Royalties's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.04 Mil.

RE Royalties's quarterly Long-Term Capital Lease Obligation declined from Dec. 2022 (C$0.05 Mil) to Mar. 2023 (C$0.05 Mil) and declined from Mar. 2023 (C$0.05 Mil) to Sep. 2023 (C$0.04 Mil).

RE Royalties's annual Long-Term Capital Lease Obligation increased from Dec. 2020 (C$0.00 Mil) to Dec. 2021 (C$0.07 Mil) but then declined from Dec. 2021 (C$0.07 Mil) to Dec. 2022 (C$0.05 Mil).

RE Royalties Long-Term Capital Lease Obligation Historical Data

The historical data trend for RE Royalties'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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RE Royalties Long-Term Capital Lease Obligation Chart

RE Royalties Annual Data

Trend

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

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0.07

0.05

RE Royalties Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.06	0.06	0.05	0.05	0.04

RE Royalties (TSXV:RE) 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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RE Royalties (TSXV:RE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » RE Royalties Ltd (TSXV:RE) » Definitions » Long-Term Capital Lease Obligation

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RROYF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.reroyalties.com

RE Royalties Ltd is engaged in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies by providing a non-dilutive royalty financing solution to privately held and publicly traded renewable energy generation and development companies and clean energy technology companies. Its solutions provide a non-dilutive, flexible, and low-cost financing alternative that allows its clients to free up capital in order to grow their businesses.

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