Emeren Group (Emeren Group) Long-Term Capital Lease Obligation : $29.31 Mil (As of Sep. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Emeren Group Long-Term Capital Lease Obligation?

Emeren Group's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was $29.31 Mil.

Emeren Group's quarterly Long-Term Capital Lease Obligation declined from Mar. 2023 ($35.84 Mil) to Jun. 2023 ($30.75 Mil) and declined from Jun. 2023 ($30.75 Mil) to Sep. 2023 ($29.31 Mil).

Emeren Group's annual Long-Term Capital Lease Obligation declined from Dec. 2020 ($65.37 Mil) to Dec. 2021 ($45.70 Mil) and declined from Dec. 2021 ($45.70 Mil) to Dec. 2022 ($35.82 Mil).

Emeren Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Emeren Group'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.

* Premium members only.

Emeren Group Long-Term Capital Lease Obligation Chart

Emeren Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

Get a 7-Day Free Trial

77.88

69.62

65.37

45.70

35.82

Emeren Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															32.66	35.82	35.84	30.75	29.31

Emeren Group (NYSE:SOL) 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.

Emeren Group Long-Term Capital Lease Obligation Related Terms

Thank you for viewing the detailed overview of Emeren Group's Long-Term Capital Lease Obligation provided by GuruFocus.com. Please click on the following links to see related term pages.

Emeren Group (Emeren Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Emeren Group Ltd (NYSE:SOL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

SOL:Mexico VQKB:Germany VQKB:Germany

Address

100 First Stamford Place, Suite 302, Stamford, CT, USA, 06902

Website

https://www.emeren.com

Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.

Executives

Capital Management Shah

director, 10 percent owner

8601 SIX FORKS ROAD, SUITE 630, RALEIGH NC 27615