Zooz Power (XTAE:ZOOZ) Long-Term Capital Lease Obligation : ₪2.09 Mil (As of Dec. 2024)

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What is Zooz Power Long-Term Capital Lease Obligation?

Zooz Power's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₪2.09 Mil.

Zooz Power's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (₪3.63 Mil) to Jun. 2024 (₪2.89 Mil) and declined from Jun. 2024 (₪2.89 Mil) to Dec. 2024 (₪2.09 Mil).

Zooz Power's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (₪4.39 Mil) to Dec. 2023 (₪3.63 Mil) and declined from Dec. 2023 (₪3.63 Mil) to Dec. 2024 (₪2.09 Mil).

Zooz Power Long-Term Capital Lease Obligation Historical Data

The historical data trend for Zooz Power'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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Zooz Power Long-Term Capital Lease Obligation Chart

Zooz Power Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Long-Term Capital Lease Obligation

4.39

3.63

2.09

Zooz Power Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	4.39	-	3.63	2.89	2.09

Zooz Power (XTAE:ZOOZ) 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.

Zooz Power Long-Term Capital Lease Obligation Related Terms

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Zooz Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zooz Power Ltd (XTAE:ZOOZ) » Definitions » Long-Term Capital Lease Obligation

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ZOOZ:USA

Address

4B Hamelacha Street, Lod, ISR, 7152008

Website

https://www.zoozpower.com

Zooz Power Ltd is a provider of Flywheel-based Power Boosting solutions enabling widespread deployment of ultra-fast charging infrastructure for electric vehicles (EV) while overcoming existing grid limitations. ZOOZ pioneers its flywheel-based power boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure. ZOOZ Power's sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, efficiency and greater flexibility.