Prime Energy PE (XTAE:PRIM) Long-Term Capital Lease Obligation : ₪33.96 Mil (As of Mar. 2025)

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What is Prime Energy PE Long-Term Capital Lease Obligation?

Prime Energy PE's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was ₪33.96 Mil.

Prime Energy PE's quarterly Long-Term Capital Lease Obligation increased from Sep. 2024 (₪14.84 Mil) to Dec. 2024 (₪34.26 Mil) but then declined from Dec. 2024 (₪34.26 Mil) to Mar. 2025 (₪33.96 Mil).

Prime Energy PE's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (₪10.30 Mil) to Dec. 2023 (₪14.71 Mil) and increased from Dec. 2023 (₪14.71 Mil) to Dec. 2024 (₪34.26 Mil).

Prime Energy PE Long-Term Capital Lease Obligation Historical Data

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

Prime Energy PE Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

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4.64

8.45

10.30

14.71

34.26

Prime Energy PE Quarterly Data
	Dec19	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															15.25	15.02	14.84	34.26	33.96

Prime Energy PE (XTAE:PRIM) 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.

Prime Energy PE Long-Term Capital Lease Obligation Related Terms

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Prime Energy PE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Prime Energy PE Ltd (XTAE:PRIM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

Yigal Alon 94, Alon Tower 2, 19th floor, Tel Aviv, ISR

Website

https://www.prime-nergy.com

Prime Energy PE Ltd is engaged in the field of renewable energy. It specializes in the initiation, development, financing, construction, management and operation of projects in the solar field. The company is also developing an extensive project portfolio at various stages of maturation in power in Israel, Italy and Poland. The firm is exploring opportunities in the field of wind energy in Israel and around the world.