Alternus Clean Energy (Alternus Clean Energy) Long-Term Capital Lease Obligation : $1.25 Mil (As of Dec. 2023)

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What is Alternus Clean Energy Long-Term Capital Lease Obligation?

Alternus Clean Energy's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.25 Mil.

Alternus Clean Energy's quarterly Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.96 Mil) and increased from Dec. 2022 ($0.96 Mil) to Dec. 2023 ($1.25 Mil).

Alternus Clean Energy's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.96 Mil) and increased from Dec. 2022 ($0.96 Mil) to Dec. 2023 ($1.25 Mil).

Alternus Clean Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Alternus Clean 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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Alternus Clean Energy Long-Term Capital Lease Obligation Chart

Alternus Clean Energy Annual Data

Trend

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

0.96

1.25

Alternus Clean Energy Semi-Annual Data
	Dec21	Dec22	Dec23
Long-Term Capital Lease Obligation	-	0.96	1.25

Alternus Clean Energy (NAS:ALCE) 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.

Alternus Clean Energy Long-Term Capital Lease Obligation Related Terms

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Alternus Clean Energy (Alternus Clean Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Clean Energy Inc (NAS:ALCE) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

Blanchardstown Corporate Park 2, Suite 9 & 10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and in the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids.

Alternus Clean Energy (Alternus Clean Energy) Headlines

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