Legend Power Systems (FRA:XLE1) Long-Term Capital Lease Obligation : €0.17 Mil (As of Mar. 2024)

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What is Legend Power Systems Long-Term Capital Lease Obligation?

Legend Power Systems's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.17 Mil.

Legend Power Systems's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (€0.22 Mil) to Dec. 2023 (€0.19 Mil) and declined from Dec. 2023 (€0.19 Mil) to Mar. 2024 (€0.17 Mil).

Legend Power Systems's annual Long-Term Capital Lease Obligation declined from Sep. 2021 (€0.13 Mil) to Sep. 2022 (€0.05 Mil) but then increased from Sep. 2022 (€0.05 Mil) to Sep. 2023 (€0.22 Mil).

Legend Power Systems Long-Term Capital Lease Obligation Historical Data

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

Legend Power Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Long-Term Capital Lease Obligation

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0.13

0.05

0.22

Legend Power Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	0.22	0.19	0.17

Legend Power Systems (FRA:XLE1) 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.

Legend Power Systems Long-Term Capital Lease Obligation Related Terms

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Legend Power Systems (FRA:XLE1) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legend Power Systems Inc (FRA:XLE1) » Definitions » Long-Term Capital Lease Obligation

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LPSIF:USA LPS:Canada

Address

1480 Frances Street, Vancouver, BC, CAN, V5L 1Y9

Website

https://www.legendpower.com

Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.

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