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SolarBank (NEOE:SUNN) Long-Term Capital Lease Obligation : C$0.79 Mil (As of Mar. 2024)


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What is SolarBank Long-Term Capital Lease Obligation?

SolarBank's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.79 Mil.

SolarBank's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$0.12 Mil) to Dec. 2023 (C$0.82 Mil) but then declined from Dec. 2023 (C$0.82 Mil) to Mar. 2024 (C$0.79 Mil).

SolarBank's annual Long-Term Capital Lease Obligation increased from . 20 (C$0.00 Mil) to Jun. 2022 (C$0.15 Mil) but then declined from Jun. 2022 (C$0.15 Mil) to Jun. 2023 (C$0.13 Mil).


SolarBank Long-Term Capital Lease Obligation Historical Data

The historical data trend for SolarBank'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.

SolarBank Long-Term Capital Lease Obligation Chart

SolarBank Annual Data
Trend Jun22 Jun23
Long-Term Capital Lease Obligation
0.15 0.13

SolarBank Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.13 0.12 0.82 0.79

SolarBank  (NEOE:SUNN) 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.

SolarBank Long-Term Capital Lease Obligation Related Terms

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SolarBank (NEOE:SUNN) Business Description

Traded in Other Exchanges
Address
505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2
SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.
Executives
Xiaohong Zheng Senior Officer

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