Atlantic Power (Atlantic Power) Long-Term Capital Lease Obligation : $2.7 Mil (As of Mar. 2021)

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What is Atlantic Power Long-Term Capital Lease Obligation?

Atlantic Power's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2021 was $2.7 Mil.

Atlantic Power's quarterly Long-Term Capital Lease Obligation declined from Sep. 2020 ($3.4 Mil) to Dec. 2020 ($3.1 Mil) and declined from Dec. 2020 ($3.1 Mil) to Mar. 2021 ($2.7 Mil).

Atlantic Power's annual Long-Term Capital Lease Obligation increased from Dec. 2018 ($0.0 Mil) to Dec. 2019 ($4.8 Mil) but then declined from Dec. 2019 ($4.8 Mil) to Dec. 2020 ($3.1 Mil).

Atlantic Power Long-Term Capital Lease Obligation Historical Data

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

Atlantic Power Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Long-Term Capital Lease Obligation

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4.80

3.10

Atlantic Power Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															4.30	3.80	3.40	3.10	2.70

Atlantic Power (NYSE:AT) 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.

Atlantic Power Long-Term Capital Lease Obligation Related Terms

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Atlantic Power (Atlantic Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Atlantic Power Corp (NYSE:AT) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

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Address

3 Allied Drive, Suite 155, Dedham, MA, USA, 02026

Website

https://www.atlanticpower.com

Atlantic Power Corp is an independent power producer that owns power generation assets in the United States and Canada. Its power generation projects, which are diversified by geography, fuel type, dispatch profile, and offtaker, sell electricity to utilities and other large customers predominantly under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. It has four reportable segments: Solid Fuel, Natural Gas, Hydroelectric and Corporate. A vast majority of the revenues are generated from the natural gas segment.

Executives

Kevin Howell	director	2220 MONUMENT AVENUE, RICHMOND VA 23220
R Foster Duncan	director	139 E FOURTH ST, CINCINNATI OH 45202
Gilbert Samuel Palter	director	37 MISTY CRESCENT TORONTO A6 MSB IT2
Danielle S Mottor	director	870 WASHINGTON STREET HOLLISTON MA 01746
Terrence Ronan	officer: Chief Financial Officer	ONE FEDERAL STREET 30TH FLOOR BOSTON MA 02110
Joseph Cofelice	officer: EVP Commercial Development
Moore James J Jr	director, officer: Chief Executive Officer
Jeffrey S Levy	officer: SVP, General Counsel	769 WEBSTER STREET NEEDHAM MA 02492
Irving Russell Gerstein	director	200 CLARENDON STREET BOSTON MA 02116
Philip Daniel Rorabaugh	officer: SVP, Asset Management	27 ASPEN AVE AUBURNDALE MA 02466
Holli C. Ladhani	director	2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056
Teresa Ressel	director	ON SEMICONDUCTOR C/O V. PECORA (MD A700), 5005 EAST MCDOWELL ROAD, PHOENIX AZ 85008
John Alexander Mcneil	director	200 CLARENDON STREET BOSTON MA 02116
Kenneth Michael Hartwick	director	200 CLARENDON STREET, BOSTON MA 02116
Paul Howard Rapisarda	officer: EVP Commercial	151 SE 15TH ROAD, APT 1802, MIAMI FL 33129