Nano One Materials (TSX:NANO) Long-Term Capital Lease Obligation : C$1.23 Mil (As of Mar. 2024)

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What is Nano One Materials Long-Term Capital Lease Obligation?

Nano One Materials's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.23 Mil.

Nano One Materials's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 (C$1.48 Mil) to Dec. 2023 (C$1.34 Mil) and declined from Dec. 2023 (C$1.34 Mil) to Mar. 2024 (C$1.23 Mil).

Nano One Materials's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.66 Mil) to Dec. 2022 (C$0.59 Mil) but then increased from Dec. 2022 (C$0.59 Mil) to Dec. 2023 (C$1.34 Mil).

Nano One Materials Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nano One Materials'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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Nano One Materials Long-Term Capital Lease Obligation Chart

Nano One Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.15

0.62

0.66

0.59

1.34

Nano One Materials 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															0.81	0.72	1.48	1.34	1.23

Nano One Materials (TSX:NANO) 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.

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Nano One Materials (TSX:NANO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nano One Materials Corp (TSX:NANO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

NNOMF:USA LBMB:Germany

Address

8575 Government Street, Unit 101B, Burnaby, BC, CAN, V3N 4V1

Website

https://www.nanoone.ca

Nano One Materials Corp is a Canada-based company engaged in developing processing technology for the production of battery materials used in electric vehicles, energy storage, and consumer electronics. It is a technology company with a patented process for the low-cost production of cathode materials used in lithium-ion batteries.

Executives

Adam Douglas Johnson

Senior Officer

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