Westbridge Renewable Energy (TSXV:WEB) Long-Term Capital Lease Obligation : C$1.35 Mil (As of Feb. 2024)

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What is Westbridge Renewable Energy Long-Term Capital Lease Obligation?

Westbridge Renewable Energy's Long-Term Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$1.35 Mil.

Westbridge Renewable Energy's quarterly Long-Term Capital Lease Obligation increased from Aug. 2023 (C$0.83 Mil) to Nov. 2023 (C$1.28 Mil) and increased from Nov. 2023 (C$1.28 Mil) to Feb. 2024 (C$1.35 Mil).

Westbridge Renewable Energy's annual Long-Term Capital Lease Obligation increased from Nov. 2021 (C$0.00 Mil) to Nov. 2022 (C$0.37 Mil) and increased from Nov. 2022 (C$0.37 Mil) to Nov. 2023 (C$1.28 Mil).

Westbridge Renewable Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Westbridge Renewable 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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Westbridge Renewable Energy Long-Term Capital Lease Obligation Chart

Westbridge Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Nov21

Nov22

Nov23

Long-Term Capital Lease Obligation

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0.37

1.28

Westbridge Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.36	0.35	0.83	1.28	1.35

Westbridge Renewable Energy (TSXV:WEB) 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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Westbridge Renewable Energy (TSXV:WEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Westbridge Renewable Energy Corp (TSXV:WEB) » Definitions » Long-Term Capital Lease Obligation

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WEGYF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.westbridge.energy

Westbridge Renewable Energy Corp is focused on delivering attractive, long-term returns by identifying, originating, and developing a global portfolio of renewable assets for investors and utilities. It develops best-in-class, utility-scale solar PV projects. It is turning green fields and the power of the sun into a reliable, sustainable flow of energy.

Executives

Pandelis Vassilakakis

Senior Officer